The USD/JPY retreats during the North American session yet is virtually unchanged as traders brace for Wednesday’s busy economic docket, which will feature May's US Consumer Price Index (CPI) data and the Federal Open Market Committee (FOMC) monetary policy decision.
USD/JPY is virtually unchanged but below its opening price. The momentum begins to shift in favor of sellers, yet they must reclaim key support levels. If buyers reclaim 157.00 and 157.71, that could pave the way to test YTD high levels. The USD/JPY retreats during the North American session yet is virtually unchanged as traders brace for Wednesday’s busy economic docket, which will feature May's US Consumer Price Index data and the Federal Open Market Committee monetary policy decision.
03 Trends Daily SMA20 156.39 Daily SMA50 155.12 Daily SMA100 152.3 Daily SMA200 149.88 Levels Previous Daily High 157.18 Previous Daily Low 156.69 Previous Weekly High 157.47 Previous Weekly Low 154.55 Previous Monthly High 157.99 Previous Monthly Low 151.86 Daily Fibonacci 38.2% 156.99 Daily Fibonacci 61.8% 156.88 Daily Pivot Point S1 156.75 Daily Pivot Point S2 156.48 Daily Pivot Point S3 156.26 Daily Pivot Point R1 157.25 Daily Pivot Point R2 157.46 Daily Pivot Point R3 157.
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