USDJPY on Monday rose 0.25% to 147.13. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.25%36 Pips
Week to-date0.36%53.1 Pips
December-0.59%-86.699 Pips

Upcoming key events (London Time)

Mon 11:30 PM JPY Tokyo CPI (Inflation Rate) (12-mth)
Tue 03:00 PM USD ISM Services PMI

What happened lately

🇯🇵 Japan Tokyo CPI excluding fresh food and energy (12-mth) in November below forecast and dropped to 3.6% compared to previous figure 3.8% in October Source: Statistics Bureau of Japan
🇯🇵 Japan Tokyo CPI excluding fresh food (12-mth) in November below forecast and dropped to 2.3% compared to previous figure 2.7% in October Source: Statistics Bureau of Japan
🇯🇵 Japan Tokyo CPI (Inflation Rate) (12-mth) in November below forecast and dropped to 2.6% compared to previous figure 3.3% in October Source: Statistics Bureau of Japan
🇺🇸 U.S. Factory Orders (1-mth) in October exceed forecast and dropped to -3.6% compared to previous figure 2.3, revised from 2.8% in September Source: Census Bureau

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What can we expect from USDJPY today?

USDJPY on Monday rose 0.25% to 147.13. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 146.42 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 147.45 or trades above daily pivot 146.93. While to the downside, the daily low of 146.22 and 146.42 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 147.45 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:

R3148.88
R2148.17
R1147.65
Daily Pivot146.93
S1146.42
S2145.7
S3145.19

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