USDJPY Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | 0.12% | 20.0 Pips | ▲ |
| Week to-date | 0.3% | 49.0 Pips | ▲ |
| July | -0.22% | -36.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Fri 10:00 PM | USD | HIGH | Index of Consumer Sentiment |
What happened lately
On Thursday, the USDJPY pair experienced a modest increase of 0.12%, closing at 162.38000. The trading session saw the pair reaching a high of 162.54000 and a low of 161.96000, indicating a period of consolidation within a narrow range.
The movement in the USDJPY pair followed the release of the U.S. Monthly Retail Trade data for June 2026, which came in at 0.2%. This figure matched the consensus expectations and showed a decline from the previous month’s 0.9%. The retail trade data, being a high-impact economic indicator, typically provides insights into consumer spending trends, but its alignment with expectations suggests it did not significantly influence the USDJPY price movement on this occasion.
Looking ahead, market participants are likely to focus on the upcoming Index of Consumer Sentiment scheduled for release on Friday at 10:00 PM GMT+8. This high-impact event could provide further direction for the USDJPY pair, as it offers insights into consumer confidence and economic outlook.
Overall, the USDJPY market appears to be in a phase of consolidation, with traders potentially awaiting further economic data to guide future movements. The alignment of the retail trade data with expectations suggests a neutral sentiment, with no immediate catalysts driving significant changes in the pair’s trajectory.
What can we expect from USDJPY today?
The USDJPY pair closed with a slight gain of 0.12% on Wednesday, settling at 162.38000. The daily outlook remains mixed as traders assess short-term technical indicators and price levels.
📈 Bull Scenario A bullish scenario for USDJPY could unfold if the pair manages to break through the immediate resistance level at R1, 162.63. Sustained buying pressure might then target the next resistance at R2, 162.87. The fact that the current price is above the 9-day EMA supports a potential upward movement. | 📉 Bear Scenario On the downside, a bearish move may be triggered if USDJPY falls below the support level at S1, 162.05. Further selling could push the pair towards the next support at S2, 161.71. The falling stochastic indicator suggests a weakening momentum, which could favor a bearish outlook. |
Key levels to watch out:
| R3 | 163.21 |
| R2 | 162.87 |
| R1 | 162.63 |
| Daily Pivot | 162.29 |
| S1 | 162.05 |
| S2 | 161.71 |
| S3 | 161.47 |