NEWS: The USDJPY is falling -0.9% ahead of US Inflation data today, and Japan’s Central Bank interest rate decision, on January 24th, where they are expected to raise their interest rate.
Possible Scenarios:
If USDJPY fails to breach through S2 of 156.67, our Research Department expects the USDJPY to undergo a short- term upward correction.
If USDJPY manages to break below its S2 of 156.67, our Research Department expects the USDJPY to extend its losses to its S3 of 156.357
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
156.36 |
156.67 |
156.98 |
157.40 |
157.82 |
158.13 |
158.44 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $63.78 |
(+/-) €61.85 |
(+/-) £52.19 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD= 1.03111
***GBP/USD= 1.22192
Calculations for exchange rate used as of Wednesday, January 15, 2025, 9:52 GMT