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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 is traded around the rate of ¥135.95, which is close to its support level located at around ¥135.70.

Today, we expect it to be traded at the short-range between its support and resistance level, from ¥135.70 to ¥136.70, until today’s FOMC statement and FED’s interest rate decision which will be announced at 21:00 (GMT+3). After that, the direction of USD will be clearer, and it will either break through its resistance or support level, testing the right next one at either ¥137.80-138 or ¥133.80-134.

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