USDJPY on Tuesday rose 0.08% to 144.34. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.08%12 Pips
Week to-date-0.18%-26.1 Pips
January2.37%334.4 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

🇯🇵 Japan Labor Cash Earnings (12-mth) in November below forecast and dropped to 0.2% compared to previous figure 1.5% in October

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What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.08% to 144.34. 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 143.63 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 144.62 or trades above daily pivot 144.13. While to the downside, the daily low of 143.42 and 143.63 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 144.62 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:

R3146.04
R2145.33
R1144.84
Daily Pivot144.13
S1143.63
S2142.92
S3142.42

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