In Asia, Japan will release the 10-y Bond Auction and the US will unveil its Non-Farm Employment Change, Unemployment Claims, Unemployment Rate, Trade Balance, Average Hourly Earnings m/m, Final Services PMI, ISM Non-Manufacturing PMI, and Natural Gas Storage data. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with medium to high volatility during the US session.

Today's technical levels:
Resistance. 3: 102.41.
Resistance. 2: 102.21.
Resistance. 1: 102.01.
Support. 1: 101.47.
Support. 2: 101.57.
Support. 3: 101.37.

Description:

Please, pay attention to the levels of support 3 (101.37) and resistance 3 (102.41). Normally, when the level is touched, USD/JPY is likely to rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Disclaimer:
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