USDJPY on Wednesday rose 0.59% to 151.26. Pair in consolidation. What we know.
USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.59% | 88.5 Pips |  | ||
| Week to-date | -0.14% | -20.9 Pips |  | ||
| November | -0.24% | -36.4 Pips | | ||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in November exceed forecast and rose to 9.1 points compared to previous figure -4.6 points in October 🇺🇸 U.S. Producer Price Index (12-mth) in October below forecast and dropped to 1.3% compared to previous figure 2.2% in September 
🇯🇵 Japan GDP Deflator (12-mth) in Q3 preliminary estimate exceed forecast and rose to 5.1% compared to previous figure 3.5% in Q2 🇯🇵 Japan GDP (3-mth) in Q3 preliminary estimate exceed forecast and dropped to -0.5% compared to previous figure 1.2% in Q2 Cabinet Office 🇯🇵 Japan GDP (12-mth) in Q3 preliminary estimate exceed forecast and dropped to -2.1% compared to previous figure 4.8% in Q2 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in October below forecast and dropped to 0.2% compared to previous figure 0.3% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate (12-mth) in October below forecast and dropped to 3.2% compared to previous figure 3.7% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate (1-mth) in October below forecast and dropped to 0% compared to previous figure 0.4% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in October below forecast and dropped to 4% compared to previous figure 4.1% in September Bureau of Labor Statistics
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What can we expect from USDJPY today?
USDJPY on Wednesday rose 0.59% to 151.26. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 150.39 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 151.42 or trades above daily pivot 150.91. While to the downside, the daily low of 150.04 and 150.39 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 151.42 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:
| R3 | 153.16 |
| R2 | 152.29 |
| R1 | 151.78 |
| Daily Pivot | 150.91 |
| S1 | 150.39 |
| S2 | 149.53 |
| S3 | 149.01 |
You might be interested in:
Machinery Orders. Cabinet Office Trade Statistics (October 2023 [Provisional]). Ministry of Finance
Advance Monthly Sales for Retail and Food Services. Census Bureau Monthly Report of Current Production Statistics (September 2023). Ministry of Economy, Trade and Industry Revised Report on Indices of Industrial Production (September 2023). Ministry of Economy, Trade and Industry Monthly Report on the Current Survey of Commerce (September 2023). Ministry of Economy, Trade and Industry Quarterly GDP bulletin. Cabinet Office CPI for all items unchanged in October; shelter up. Bureau of Labor Statistics (BOJ Review) Developments in Corporate Bond Spreads at Issuance. Bank of Japan Business Formation Statistics. Census Bureau
