USDJPY Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.07% | 11.0 Pips | ▲ |
| Week to-date | 0.08% | 13.0 Pips | ▲ |
| September | -1.46% | -234.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 07:30 AM | JPY | HIGH | Tokyo CPI (Inflation Rate) (12-mth) |
| Fri 07:30 AM | JPY | HIGH | Tokyo CPI excluding fresh food and energy (12-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from USDJPY today?
The USDJPY pair is experiencing a mixed outlook today, with a slight daily performance increase of 0.07%, closing at 157.39000. Traders are closely watching for potential movements as the pair remains above the 9-day EMA, indicating a possible bullish sentiment.
📈 Bull Scenario A bullish scenario could be triggered if the USDJPY breaks above the daily high of 157.52000, potentially targeting the first resistance level (R1) at 157.82. Continued upward momentum could see the pair aiming for the second resistance level (R2) at 158.26, especially with the rising stochastic supporting a bullish trend. | 📉 Bear Scenario Conversely, a bearish scenario may unfold if the USDJPY falls below the daily pivot point of 157.09, with the first support level (S1) at 156.65 acting as an initial target. Further downside pressure could push the pair towards the second support level (S2) at 155.92, should selling momentum increase. |
Key levels to watch out:
| R3 | 158.99 |
| R2 | 158.26 |
| R1 | 157.82 |
| Daily Pivot | 157.09 |
| S1 | 156.65 |
| S2 | 155.92 |
| S3 | 155.48 |