In Asia, Japan will not release any economic data today, but the US will deliver some economic news on the Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and New Home Sales. So, there is a strong probability that the USD/JPY pair will move with medium to high volatility.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 118.78.

Resistance. 2: 118.55.

Resistance. 1: 118.32.

Support. 1: 118.02.

Support. 2: 117.79.

Support. 3: 117.56.

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