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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 USD gained significant strength after the announcement of the Fed’s interest rate decision last night at 21:00 (GMT+3) where it jumped from the rate of around ¥139.50 to around ¥141. Currently it is traded at around ¥141.33 and if it manages to hold it above the support level of around ¥140.80 today, then we could see it rising further to a new level for the year. 

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