FX.co ★ Technical analysis of USD/JPY for August 21, 2014

In Asia, Japan will not release any economic data, but the US will release a range of economic data such as Unemployment Claims, Flash Manufacturing PMI, Philly Fed Manufacturing Index, Existing Home Sales, CB Leading Index m/m, Natural Gas Storage. So, the USD/JPY pair will likey to move with low volatility during the Asian session, but with low to medium volatility during the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 104.42.
Resistance. 2: 104.22.
Resistance. 1: 104.01.
Support. 1: 103.76.
Support. 2: 103.56.
Support. 3: 103.35. 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.