Technical analysis of USD/JPY for March 11, 2015

In Asia, Japan will release the PPI y/y and core machinery orders m/m. The US is expected to release some economic data about bank stress test results, the Federal budget balance, and results of 10-year bond auction. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS: Resistance. 3: 121.90. Resistance. 2: 121.66. Resistance. 1: 121.42. Support. 1: 121.13. Support. 2: 120.89. Support. 3: 120.65.


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