USDJPY on Monday dropped -0.03% to 148.08. Pair in consolidation. Things to look out.

USDJPY Analysis

Performance after Monday
Monday-0.03%-4.9 Pips
Week to-date-0.03%-4.9 Pips
January5.02%708.1 Pips

Upcoming key events (London Time)

Tue 03:00 AM JPY Bank of Japan Short-Term Policy Interest Rate

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from USDJPY today?

USDJPY on Monday dropped -0.03% to 148.08. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 147.69 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 148.30 or trades above daily pivot 148. While to the downside, the daily low of 147.61 and 147.69 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 147.61 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:

Daily Pivot148

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