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Technical analysis of USD/JPY for February 12, 2015


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In Asia, Japan will release the Prelim Machine Tool Orders y/y, PPI y/y, and Core Machinery Orders m/m. The US will release a batch of economic reports such as 30-y Bond Auction, Natural Gas Storage, Business Inventories m/m, Unemployment Claims, Retail Sales m/m, and Core Retail Sales m/m. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

Resistance. 3: 120.10.
Resistance. 2: 120.47.
Resistance. 1: 120.23.
Support. 1: 119.95.
Support. 2: 119.71.
Support. 3: 119.48.

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Uitgevoerd door, Analytische expert
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