In Asia, Japan will release data on the BOJ Press Conference, BOJ Outlook Report, Housing Starts y/y, Monetary Policy Statement, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will publish economic data about Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Employment Cost Index q/q. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.54.

Resistance. 2: 121.31.

Resistance. 1: 121.07.

Support. 1: 120.77.

Support. 2: 120.54.

Support. 3: 120.30.

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