Daily Technical Analysis Of USDJPY - Tuesday, March 14
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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 on a downtrend, dropping from around ¥137.85 to the current rate of around ¥133.50. Today, we do not expect it to rise above the level of ¥134 but this will might change at 15:30 when the CPI will be announced, and it will play a major role in the decision of the Fed’s March interest rate hike.
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