In Asia, Japan will release the Monetary Policy Statement, BOJ will held the press conference. The U.S. will release some economic data such as Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m, Fed Chair Yellen's Testimony, and Business Inventories m/m. So, there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the U.S. session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.11.
Resistance. 2: 101.91.
Resistance. 1: 101.71.
Support. 1: 101.47.
Support. 2: 101.27.
Support. 3: 101.07
DESCRIPTION: Please, pay attention to the levels of support 3 (101.07) and resistance 3 (102.11). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Read more: https://www.instaforex.com/forex_analysis/48124/
In Asia, Japan will release the Monetary Policy Statement, BOJ will held the press conference. The U.S. will release some economic data such as Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m, Fed Chair Yellen's Testimony, and Business Inventories m/m. So, there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the U.S. session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.11.
Resistance. 2: 101.91.
Resistance. 1: 101.71.
Support. 1: 101.47.
Support. 2: 101.27.
Support. 3: 101.07
DESCRIPTION: Please, pay attention to the levels of support 3 (101.07) and resistance 3 (102.11). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Read more: https://www.instaforex.com/forex_analysis/48124/
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