Long-term review
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In Asia, Japan will release the BOJ Core CPI y/y. At the same time, the US will also unveil some economic data such as the Crude Oil Inventories and New Home Sales reports. Moreover, today the Fed will deliver its interest rate decision, the FOMC Statement, and the FOMC Economic Projections. So, there is a probability the USD/JPY will move with medium to high volatility during this day. TODAY'S TECHNICAL LEVELS:Resistance. 3: 113.52.Resistance. 2: 113.30.Resistance. 1: 113.08.Support. 1: 112.80.Support. 2: 112.58.Support. 3: 112.36.Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
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