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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 although USD was losing ground over JPY, after last night’s Fed interest rate decision on hiking by another 25 bps, USD has started to rise, with the FX pair to be currently traded at ¥140.20. Today, if it holds it above the support level which is located at around ¥140, then we could expect it to further rise towards the resistance level at around ¥141.30, otherwise, it should test yesterday’s lows.

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