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13.05.2016 04:22 AM
Technical analysis of USD/JPY for May 13, 2016

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In Asia, Japan will release the Tertiary Industry Activity m/m and M2 Money Stock y/y. The US will release some economic data such as the Revised UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Core PPI m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 109.40.

Resistance. 2: 109.19.

Resistance. 1: 108.97.

Support. 1: 108.71.

Support. 2: 108.50.

Support. 3: 108.28.

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