USDJPY on Wednesday rose 0.78% to 143.09. Why it matters.

USDJPY Analysis

Performance after Wednesday
Wednesday0.78%110.9 Pips
Week to-date1.49%209.4 Pips
January1.49%209.4 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in November below forecast and dropped to 8.79M compared to previous figure 8.852, revised from 8.733M in October Source: Bureau of Labor Statistics

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What can we expect from USDJPY today?

USDJPY on Wednesday rose 0.78% to 143.09. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 143.93 with break above could target R2 at 144.78. While towards the downside, we are looking at daily low of 141.85 as an important support. Break below this level could weaken the current bullish momentum. A break above 143.74 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is bullish as the pair continued to trade higher and is up by 1.49% over the past few days.

Key levels to watch out:

Daily Pivot142.89

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