USDJPY on Wednesday dropped -0.65% to 150.65. Pair in consolidation. What we know.
USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.65% | -97.9 Pips |  | ||
| Week to-date | 0.7% | 104.9 Pips |  | ||
| November | -0.65% | -97.9 Pips | | ||
Upcoming key events (London Time)
Fri 12:30 PM USD Nonfarm Payroll Employment
What happened lately
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Federal Reserve 🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in September exceed forecast and rose to 9.553M compared to previous figure 9.497, revised from 9.61M in August Bureau of Labor Statistics 🇺🇸 U.S. Housing Price Index (1-mth) in August exceed forecast and dropped to 0.6% compared to previous figure 0.8% in July 🇺🇸 U.S. Employment Cost Index in Q3 exceed forecast and rose to 1.1% compared to previous figure 1% in Q2 
🇯🇵 Japan Bank of Japan Short-Term Policy Interest Rate unchanged at -0.1% compared to previous rate -0.1% Bank of Japan 🇯🇵 Japan Retail Trade seasonal adjustment (1-mth) in September below forecast and dropped to -0.1% compared to previous figure 0.1% in August METI 🇯🇵 Japan Unemployment Rate in September dropped to 2.6% compared to previous figure 2.7% in August Statistics Bureau of Japan
What can we expect from USDJPY today?
USDJPY on Wednesday dropped -0.65% to 150.65. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 150.35 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 151.44 or trades above daily pivot 150.9. While to the downside, the daily low of 150.60 and 150.35 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 150.60 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 152.04 |
| R2 | 151.74 |
| R1 | 151.19 |
| Daily Pivot | 150.9 |
| S1 | 150.35 |
| S2 | 150.05 |
| S3 | 149.51 |
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