Technical analysis of USD/JPY for August 05, 2014



In Asia, Japan will release the 10-y Bond Auction and the US will release some economic data such as Final Services PMI, ISM Non-Manufacturing PMI, Factory Orders m/m, IBD/TIPP Economic Optimism. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.13.
Resistance. 2: 103.93.
Resistance. 1: 102.72.
Support. 1: 102.49.
Support. 2: 102.29.
Support. 3: 102.08.

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