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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 currently traded at around ¥132. Today if it holds the rate above the support level of around ¥131.50, then we could expect to test its resistance level at around ¥132.60. 

Otherwise, it should further drop towards its next support level at around ¥130.70. However, the major factor that will drive the direction of the forex pair will be the US CPI which is scheduled to be announced at 15:30 (GMT+2).

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