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16.05.2016 03:50 AM
Technical analysis of USD/JPY for May 16, 2016

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In Asia, Japan will release the Prelim Machine Tool Orders y/y and PPI y/y. The US will release some economic data such as the TIC Long-Term Purchases, NAHB Housing Market Index, and Empire State Manufacturing Index. So there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 109.33.

Resistance. 2: 109.12.

Resistance. 1: 108.90.

Support. 1: 108.65.

Support. 2: 108.44.

Support. 3: 108.22.

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