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Spotlight on USDJPY. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
 

USDJPY

Looking at USDJPY’s chart, we can see that the FX pair dropped below the level of ¥130 and now it is recovered at the rate of around ¥132.80. Today we should expect it to test its resistance level at slightly above the level of ¥133 and if it fails to hold above that level, then a retraction should be expected towards its support level at around ¥131.75. 

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