USDJPY on Thursday rose 0.25% to 151.35. What we know.

USDJPY Analysis

Performance after Thursday
Thursday0.25%38 Pips
Week to-date1.35%202.1 Pips
November-0.18%-27.3 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

No major activities.

What can we expect from USDJPY today?

USDJPY on Thursday rose 0.25% to 151.35. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 151.57 with break above could target R2 at 151.79. While towards the downside, we are looking at daily low of 150.77 as an important support. Break below this level could weaken the current bullish momentum. A break above 151.39 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is mixed as compared to prior week.

Key levels to watch out:

Daily Pivot151.17

You might be interested in:

Powell, Opening Remarks. Federal Reserve
Monthly Wholesale Trade: Sales and Inventories. Census Bureau
Balance of Payments, September 2023 (Preliminary). Ministry of Finance
Summary of Opinions at the Monetary Policy Meeting on October 30 and 31, 2023. Bank of Japan
Powell, Opening Remarks. Federal Reserve
U.S. International Trade in Goods and Services, September 2023. Bureau of Economic Analysis
Trade Statistics (First 20 Days of October 2023 [Provisional]). Ministry of Finance
U.S. International Trade in Goods and Services. Census Bureau

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