In Asia, Japan will release the Monetary Policy Statement, Revised Industrial Production m/m, BOJ Press Conference and the US will release some economic data such as PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.30.
Resistance. 2: 102.09.
Resistance. 1: 101.90.
Support. 1: 101.65.
Support. 2: 101.45.
Support. 3: 101.25.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.25) and resistance 3 (102.30). 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/46758/
In Asia, Japan will release the Monetary Policy Statement, Revised Industrial Production m/m, BOJ Press Conference and the US will release some economic data such as PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.30.
Resistance. 2: 102.09.
Resistance. 1: 101.90.
Support. 1: 101.65.
Support. 2: 101.45.
Support. 3: 101.25.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.25) and resistance 3 (102.30). 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/46758/
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