In Asia, Japan will release the 10-y Bond Auction and the US will release some economic data such as Unemployment Claims, Natural Gas Storage, 30-y Bond Auction. 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: 102.39.
Resistance. 2: 102.19.
Resistance. 1: 101.99.
Support. 1: 101.74.
Support. 2: 101.54.
Support. 3: 101.34.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.34) and resistance 3 (102.39). 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/45167/