Technical analysis of USD/JPY for April 16, 2015

In Asia, Japan is not expected to release any ecnomic data. The US will publish data on Natural Gas Storage, Philly Fed Manufacturing Index, Housing Starts, Unemployment Claims, and Building Permits. So, there is a strong probability that the USD/JPY will move with low volatility during the Asian session but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:
Resistance. 3: 119.52.
Resistance. 2: 119.29.
Resistance. 1: 119.05.
Support. 1: 118.78.
Support. 2: 118.54.
Support. 3: 118.30.

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