USDJPY Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.12% | 20.0 Pips | ▲ |
| Week to-date | 0.3% | 49.0 Pips | ▲ |
| June | 1.58% | 251.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) |
| Fri 07:30 AM | JPY | HIGH | Tokyo CPI (Inflation Rate) (12-mth) |
What can we expect from USDJPY today?
The USDJPY pair closed with a modest gain of 0.12% on Wednesday, ending at 161.77000. The daily outlook remains bullish as the price continues to trade above the 9-day EMA.
📈 Bull Scenario A bullish scenario for USDJPY could be triggered if the pair maintains its position above the daily pivot of 161.69. Traders should watch for a break above the immediate resistance level at R1: 161.91, which could pave the way for further gains towards R2: 162.06. | 📉 Bear Scenario A bearish scenario may unfold if USDJPY falls below the daily pivot of 161.69, with initial support found at S1: 161.54. A sustained move below this level could lead to further declines, targeting the next support at S2: 161.32, especially given the falling stochastic in the overbought zone. |
Key levels to watch out:
| R3 | 162.28 |
| R2 | 162.06 |
| R1 | 161.91 |
| Daily Pivot | 161.69 |
| S1 | 161.54 |
| S2 | 161.32 |
| S3 | 161.17 |