USDJPY on Monday dropped -0.48% to 147.44. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
Monday-0.48%-71.3 Pips
Week to-date-0.48%-71.3 Pips
January4.57%643.8 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from USDJPY today?

USDJPY on Monday dropped -0.48% to 147.44. 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 147.01 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 148.33 or trades above daily pivot 147.67. While to the downside, the daily low of 147.25 and 147.01 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 147.25 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 Pivot147.67

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