USDJPY on Thursday dropped -0.44% to 150.66. Pair in consolidation. What we know.
|Performance after Thursday|
|Week to-date||-0.53%||-80.8 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Industrial Production (1-mth) in October dropped to -0.6% compared to previous figure 0.1% (revised from 0.3%)
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in November below forecast and improved to -5.9 points compared to previous figure -9 points in October
🇺🇸 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
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What can we expect from USDJPY today?
USDJPY on Thursday dropped -0.44% to 150.66. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 150.15 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 151.43 or trades above daily pivot 150.79. While to the downside, the daily low of 150.28 and 150.15 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 150.28 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:
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