|Performance after Tuesday|
|Week to-date||0.52%||67.2 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD Durable Goods Orders
Thu 01:30 PM USD Gross Domestic Product Annualized
Thu 01:30 PM USD Nondefense Capital Goods Orders ex Aircraft
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.40% to 130.14. 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 129.52 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 131.12 or trades above daily pivot 130.32 while to the downside, the daily low of 129.70 and 129.52 (S1) as key support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 129.70 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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Minutes of the Monetary policy Meeting on December 19 and 20, 2022 Source: Bank of Japan
Last updated: 11:38 pm UTC, 24-Jan 2023
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