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 started a downward trend which is confirmed by the Fed minutes where it seems that the interest rate hikes would continue at a slower pace. Currently, the rate is around ¥139 and today we could expect the USD to continue losing strength and the pair to re-test its support level at around ¥138.50 with a possibility to break it through. 

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