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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 is in an uptrend, and it is currently traded at the rate of ¥143.77. It seems that it could go under a correction today, falling towards the support level which is located at around ¥143. Today’s announcement on ADP Nonfarm employment change and initial jobless claims at 15:15 and 15:30 (GMT+3) as well as on the Services PMI and ISM Non-Manufacturing PMI at 16:45 and 17:00 (GMT+3) will play a significant role on the direction of the forex pair. Its next support level is located at around ¥141.30 whereas its resistance level is located at around ¥144.80.

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