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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 Forex pair has been traded in an upward direction, and after hitting the resistance level at around ¥134.75 it retreated to the current rate of around ¥134.60. Today, if the correction continues, we could expect it to drop towards its support level at around ¥134, otherwise, it should retest the resistance level with a high possibility to break through it.

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