USDJPY on Monday rose 0.24% to 150.42. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
Monday0.24%36 Pips
Week to-date0.24%36.6 Pips
March0.22%32.9 Pips

Upcoming key events (London Time)

Mon 11:30 PM JPY Tokyo CPI excluding fresh food and energy (12-mth)
Mon 11:30 PM JPY Tokyo CPI (Inflation Rate) (12-mth)
Tue 04:00 AM JPY Bank of Japan Governor Kazuo Ueda speech

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from USDJPY today?

USDJPY on Monday rose 0.24% to 150.42. 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 149.98 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 150.57 or trades above daily pivot 150.28. While to the downside, the daily low of 149.84 and 149.98 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 150.57 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:

Daily Pivot150.28

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