USDJPY on Monday rose 0.05% to 149.11. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.05%7.8 Pips
Week to-date0.05%7.8 Pips
March-0.57%-86 Pips

Upcoming key events (London Time)

Tue 03:00 AM JPY Bank of Japan Short-Term Policy Interest Rate
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:00 PM USD FOMC Economic Projections
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

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What can we expect from USDJPY today?

USDJPY on Monday rose 0.05% to 149.11. 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 148.9 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 149.33 or trades above daily pivot 149.12. While to the downside, the daily low of 148.90 and 148.9 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 149.33 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:

R3149.75
R2149.54
R1149.33
Daily Pivot149.12
S1148.9
S2148.69
S3148.47

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