Support levels located at 80.86, 80.38, and 80.07
Pivot Point is 81.17
Resistance levels located at 81.65, 81.96, and 82.44
The range for this week is shown in the USD/JPY weekly chart above. The range has narrowed significantly. This week’s major announcements from the U.S. include Pending Home Sales on Monday Mar. 28th. The ADP Non-Farm Employment Change will also be released on Wednesday March 30th. The Unemployment Rate and the Non-Farm Employment Change will be announced by the Bureau of Labor Statistics on Friday April 1st.
As for Japan, its Unemployment Rate will be released on Tuesday Mar. 29th along with its Retail Sales. On Friday April 1st the Tankan Manufacturing and Non-Manufacturing Index will be announced.
Look for the USD/JPY to possibly continue its general downward trend this week.