In Asia, Japan will release the Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, and Retail Sales y/y. The US will release some economic data such as Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.08.
Resistance. 2: 101.88.
Resistance. 1: 101.68
Support. 1: 101.44.
Support. 2: 101.24.
Support. 3: 101.04.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.04) and resistance 3 (102.08). 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/47378/