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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 JPY has been gaining ground over USD in the past week and the FX pair is currently traded at the rate of ¥138.47. If it fails to pass the level of ¥139, then it should test the support level at ¥138 and if it does not manage to hold it above that level then it could drop towards the next support level at around ¥137.

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