USDJPY Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | 0.43% | 68.0 Pips | ▲ |
| Week to-date | 0.08% | 13.0 Pips | ▲ |
| October | -1.46% | -234.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| 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 closed at 158.07000 on Wednesday, marking a daily gain of 0.43%. The pair’s outlook for Thursday appears bullish, with the price currently above the 9-day EMA and a rising stochastic indicator.
📈 Bull Scenario If the bullish momentum continues, USDJPY could test the first resistance level at 158.58. A break above this level might pave the way for further gains towards the second resistance at 159.08. The pair’s position above the daily pivot of 157.94 supports this upward potential. | 📉 Bear Scenario Conversely, a reversal in sentiment could see USDJPY decline towards the first support level at 157.44. Should selling pressure intensify, the pair might target the second support at 156.8. Traders should watch for any signs of weakening momentum that could trigger this bearish scenario. |
Key levels to watch out:
| R3 | 159.72 |
| R2 | 159.08 |
| R1 | 158.58 |
| Daily Pivot | 157.94 |
| S1 | 157.44 |
| S2 | 156.8 |
| S3 | 156.3 |