In Asia, Japan will release the BOJ Monthly Report. The US will release a batch of economic data such as Crude Oil Inventories, Natural Gas Storage, HPI m/m, Unemployment Claims, and Minimum Bid Rate. As for the euro area, some important events are expected in the economic calendar such as ECB Press Conference, Italian Retail Sales m/m, and Spanish Unemployment Rate. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 118.65.
Resistance. 2: 118.42.
Resistance. 1: 118.19.
Support. 1: 117.91.
Support. 2: 117.88.
Support. 3: 117.44.
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