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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 lost a significant value after the cooler USD data announced on Friday, and currently, it is recovering to the rate of ¥132.58 which is also close to its resistance level. 

Today, if it fails to break the level of ¥132.60, we should expect it to drop towards its support level at around ¥131.50, otherwise, it could be boosted towards its resistance level at around ¥133.80-134. 

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