Technical analysis of USD/JPY for May 05, 2015

In Asia, Japan will not release any economic data. The US will publish some macroeconomic reports such as IBD/TIPP Economic Optimism, ISM Non-Manufacturing PMI, Final Services PMI, and Trade Balance. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.


TODAY TECHNICAL LEVELS: Resistance. 3: 120.78. Resistance. 2: 120.55. Resistance. 1: 120.31. Support. 1: 120.02. Support. 2: 119.79. Support. 3: 119.54.


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