FX.co ★ Technical analysis of USD/JPY for January 30, 2015

In Asia, Japan will release a variety of reports such the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will also release several economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Employment Cost Index q/q, Advance GDP Price Index q/q, and Advance GDP q/q. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 118.72.

Resistance. 2: 118.49.

Resistance. 1: 118.25.

Support. 1: 117.97.

Support. 2: 117.753.

Support. 3: 117.50.

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