USDJPY on Tuesday rose 0.01% to 147.51. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.01%1.1 Pips
Week to-date-0.43%-64.1 Pips
January4.62%651 Pips

Upcoming key events (London Time)

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

What happened lately

🇯🇵 Japan Large Retailer Sales in December rose to 5% compared to previous figure 4% (revised from 5%) Source: METI
🇯🇵 Japan Retail Trade seasonal adjustment (1-mth) in December dropped to -0.8% compared to previous figure 0.9% (revised from 1%) Source: METI
🇯🇵 Japan Retail Trade (12-mth) in December below forecast and dropped to 2.1% compared to previous figure 5.4, revised from 5.3% in November Source: METI
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in December exceed forecast and rose to 9.026M compared to previous figure 8.925, revised from 8.79M in November Source: Bureau of Labor Statistics
🇺🇸 U.S. Housing Price Index (1-mth) in November unchanged at 0.3% compared to previous report in October.
🇯🇵 Japan Unemployment Rate in December below forecast and dropped to 2.4% compared to previous figure 2.5% in November Source: Statistics Bureau of Japan

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What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.01% to 147.51. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 147.09 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 147.93 or trades above daily pivot 147.51. While to the downside, the daily low of 147.09 and 147.09 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 147.93 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:

R3148.76
R2148.34
R1147.93
Daily Pivot147.51
S1147.09
S2146.68
S3146.26

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