USDJPY Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.06% | 9.0 Pips | ▲ |
| Week to-date | 0.26% | 40.0 Pips | ▲ |
| September | -1.55% | -247.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:15 PM | USD | HIGH | ADP Non-Farm Employment Change |
| Wed 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) |
| Wed 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (12-mth) |
| Thu 07:50 AM | JPY | HIGH | Tankan Large Manufacturing Index |
What can we expect from USDJPY today?
The USDJPY pair closed with a slight gain of 0.06% at 157.35000 on Monday, showing a mixed daily outlook. The pair’s performance for the week so far stands at 0.26%, indicating a cautious market sentiment.
📈 Bull Scenario A bullish scenario for USDJPY could be triggered if the pair breaks above the immediate resistance level at R1, 157.97. Further upward momentum might push the pair towards the next resistance at R2, 158.59. The rising stochastic indicator supports the potential for upward movement, suggesting buyers may remain active. | 📉 Bear Scenario Conversely, a bearish scenario may unfold if USDJPY falls below the support level at S1, 156.61. A continued decline could see the pair testing the next support at S2, 155.87. Despite the price being above the 9-day EMA, a breach of these support levels could indicate increased selling pressure. |
Key levels to watch out:
| R3 | 159.33 |
| R2 | 158.59 |
| R1 | 157.97 |
| Daily Pivot | 157.23 |
| S1 | 156.61 |
| S2 | 155.87 |
| S3 | 155.25 |