FX.co ★ Technical analysis of USD/JPY for July 29, 2016

In Asia, the BOJ will release its policy decision at the press conference, Housing Starts y/y, BOJ Core CPI y/y, BOJ Outlook Report, Monetary Policy Statement, Prelim Industrial Production m/m, Retail Sales y/y, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, Household Spending y/y and the US will release some 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, Advance GDP q/q. So there is a probability the USD/JPY will move with medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 104.77.

Resistance. 2: 104.57.

Resistance. 1: 104.37.

Support. 1: 104.11.

Support. 2: 103.91.

Support. 3: 103.70.

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