USDJPY on Wednesday dropped -0.10% to 136.03. Pair in consolidation. What we know.



Wednesday
Open High Low Close
136.32 136.47 135.23 136.03
Performance after Wednesday
Period Pct Chg Momentum
Wednesday -0.10% -14.2 Pips
Week to-date -0.28% -37.6 Pips
February 4.69% 610.2 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD ISM Services PMI

What happened lately

📆 ☢️ 🇺🇸 USD ISM Manufacturing PMI in February below forecast and rose to 47.7 points compared to previous figure 47.4 points in January. Source
📆 🇺🇸 USD S&P Global Manufacturing PMI in February below forecast and dropped to 47.3 points compared to previous figure 47.8 points in January. Source
📆 🇺🇸 USD Chicago Purchasing Managers’ Index in February below forecast and dropped to 43.6 points compared to previous figure 44.3 points in January. Source
📆 🇯🇵 JPY Retail Trade s.a (MoM) in January exceed forecast and rose to 1.9% compared to previous figure 1.1% in December. Source
📆 🇯🇵 JPY Industrial Production (YoY) in January preliminary estimate below forecast and improved to -2.3% compared to previous figure -2.4% in December. Source
📆 🇯🇵 JPY Large Retailer Sales in January exceed forecast and rose to 5.3% compared to previous figure 3.6% in December. Source
📆 🇯🇵 JPY Industrial Production (MoM) in January preliminary estimate exceed forecast and dropped to -4.6% compared to previous figure 0.3% in December. Source
📆 🇯🇵 JPY Retail Trade (YoY) in January exceed forecast and rose to 6.3% compared to previous figure 3.8% in December. Source
📆 🇺🇸 USD Pending Home Sales (MoM) in January exceed forecast and rose to 8.1% compared to previous figure 1.1, revised from 2.5% in December. Source
📆 ☢️ 🇺🇸 USD Durable Goods Orders in January exceed forecast and dropped to -4.5% compared to previous figure 5.1, revised from 5.6% in December. Source


What can we expect from USDJPY today?

USDJPY on Wednesday dropped -0.10% to 136.03. Price is above 9-Day EMA while Stochastic is falling but in overbought zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 135.35 (S1).

Looking ahead today, we are looking at 136.92 or 136.59 (R1) as important resistance level while to the downside, the daily low of 135.23 and 135.35 (S1) as key support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 135.23 would indicate selling pressure.

For the week to-date, take note that USDJPY is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 137.83
R2 137.15
R1 136.59
Daily Pivot 135.91
S1 135.35
S2 134.67
S3 134.11

You might also be interested in:

Minutes of the Board’s discount rate meetings from January 23 and February 1, 2023 Source: Federal Reserve
Advance Retail Inventories Source: Census Bureau
Advance U.S. International Trade in Goods Source: Census Bureau
Advance Wholesale Inventories Source: Census Bureau
Preliminary Report on Petroleum Statistics (January 2023) Source: Ministry of Economy, Trade and Industry
Preliminary Report on Current Survey of Production (January 2023) Source: Ministry of Economy, Trade and Industry
Preliminary Report on Indices of Industrial Production (January 2023) Source: Ministry of Economy, Trade and Industry
Preliminary Report on the Current Survey of Commerce (January 2023) Source: Ministry of Economy, Trade and Industry
Speech by Deputy Governor WAKATABE at the CJEB, Columbia University on Feb. 27, 2023 (Seven Reflections on Japan’s Economy, Monetary Policy, and the Bank of Japan) Source: Bank of Japan
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders Source: Census Bureau

Last updated: 11:37 pm UTC, 01-Mar 2023

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この人の分析本当にすごい。 RENさん
@investorREN_

USDJPY(ドル円)をここまで当てられる人はいないんじゃないかな。

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ISMのタイミングもかなり参考になる。

初心者の方はフォロー推奨です。
#投資家さんと繋がりたい
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