In Asia, Japan today will not release any economic data. The economic calendar in the US is packed with reports such as Total Vehicle Sales, ISM Manufacturing Prices, ISM Manufacturing PMI, Unemployment Claims, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So, there is aprobability the USD/JPY pair will trade with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Resistance 3: 108.18
Resistance 2: 107.97
Resistance 1: 107.75
Support 1: 107.50
Support 2: 107.28
Support 3: 107.07
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or 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.
