• USD/JPY is failing to surpass 135.50 as the DXY is trading lackluster.
  • The US Consumer Confidence will bring a significant action in the asset.
  • A mixed performance is expected from Japan's Retail Trade.

The USD/JPY pair has slipped below 135.40 after struggling to overstep the critical hurdle of 135.50 multiple times on Monday. On a broader note, the asset is oscillating in a range of 134.27-135.55 for the past week amid the unavailability of any potential trigger that could fetch significant bids/offers on the counter.

The US dollar index (DXY) is struggling to contain the round-level resistance of 104.00 despite the upbeat US Durable Goods Orders. The US Census Bureau reported the economic data at 0.5%, significantly higher than the forecasts of 0.1% and the former release of 0.5%.

Investors were worried over the aggregate demand structure as lower estimates for the Durable Goods Orders were intensifying the recession fears. Now, the upbeat figures may provide more freedom to the Federal Reserve (Fed) to announce more policy tightening measures without much hesitation.

Going forward, investors will keep an eye over the release of the US Consumer Confidence data, which will dictate the confidence of the consumers in the economic activities. A higher print determines strong demand from the households, which will further support the greenback.

On the Tokyo front, Wednesday’s Retail Trade data will keep investors busy. A preliminary estimate for the yearly Retail Trade is 3.3%, higher than the former print of 2.9%. While the monthly Retail Trade may drop to -0.1% vs. 0.8% recorded earlier.

USD/JPY

Overview
Today last price 135.35
Today Daily Change 0.09
Today Daily Change % 0.07
Today daily open 135.26
 
Trends
Daily SMA20 133.19
Daily SMA50 130.52
Daily SMA100 124.7
Daily SMA200 119.21
 
Levels
Previous Daily High 135.4
Previous Daily Low 134.35
Previous Weekly High 136.72
Previous Weekly Low 134.26
Previous Monthly High 131.35
Previous Monthly Low 126.36
Daily Fibonacci 38.2% 135
Daily Fibonacci 61.8% 134.75
Daily Pivot Point S1 134.61
Daily Pivot Point S2 133.96
Daily Pivot Point S3 133.57
Daily Pivot Point R1 135.66
Daily Pivot Point R2 136.05
Daily Pivot Point R3 136.7

 

 

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