In Asia, Japan will not release any economic data, but the US will publish some data on the Funds Rate, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories, Flash Manufacturing PMI, Industrial Production m/m, Capacity Utilization Rate, Housing Starts, and Building Permits. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with medium to high volatility during the US session.
TODAY TECHNICAL LEVELS:
Resistance. 3: 122.32.
Resistance. 2: 122.08.
Resistance. 1: 121.85.
Support. 1: 121.55.
Support. 2: 121.32.
Support. 3: 121.08.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/JPY for December 16, 2015 . Thanks for your support.
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