In Asia, Japan will release the Revised Industrial Production m/m, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will post a series of economic news such as Federal Funds Rate, FOMC Statement, Crude Oil Inventories, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during this day.
TODAY'S TECHNICAL LEVELS:
Resistance 3: 115.78.
Resistance 2: 115.55.
Resistance 1: 115.33.
Support 1: 115.06.
Support 2: 114.83.
Support 3: 114.60.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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