In Asia, Japan will release the Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Retail Sales y/y, and the US will release some economic data such as Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised 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: 102.63.
Resistance. 2: 102.48.
Resistance. 1: 102.23.
Support. 1: 101.98.
Support. 2: 101.78.
Support. 3: 101.58.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.58) and resistance 3 (102.63). 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/43371/
In Asia, Japan will release the Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Retail Sales y/y, and the US will release some economic data such as Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised 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: 102.63.
Resistance. 2: 102.48.
Resistance. 1: 102.23.
Support. 1: 101.98.
Support. 2: 101.78.
Support. 3: 101.58.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.58) and resistance 3 (102.63). 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/43371/
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