Take a look at today's current currency pair rates below:
GBP/JPY: Lowest 133.45 Highest 133.99 Current 133.48-53
EUR/JPY: Lowest 114.79 Highest 115.29 Current 114.80-85
USD/JPY: Lowest 82.14 Highest 82.40 Current 82.15-18
GBP/USD: Lowest 1.6242 Highest 1.6266 Current 1.6250-53
EUR/USD: Lowest 1.3961 Highest 1.3996 Current 1.3977-80
USD/CHF: Lowest 0.9246 Highest 0.9267 Current 0.9249-52
AUD/USD: Lowest 1.0122 Highest 1.0150 Current 1.0125-28
AUD/JPY: Lowest 83.15 Highest 83.61 Current 83.17-22
Here is some information regarding this week's USD/JPY range:
Support levels located at 81.58, 80.83, and 80.10
Pivot Point is 82.31
Resistance levels located at 83.06, 83.79, and 84.54
The range for this week is shown in the USD/JPY weekly chart above. The range has slightly shifted downward and has narrowed by 126 points. This weeks major announcements from the U.S. include Trade Balance and Unemployment Claims on Thursday Mar. 10th. Retail Sales and Core Retail Sales will be released on Friday Mar. 11th.
Japan's Cabinet Office will release its Core Machine Orders results this Wednesday Mar. 9th while the quarterly Final GDP will be announced on Thursday Mar. 10th.
Currently the USD/JPY rate is floating on the Pivot Point area. It is very unlikely that the rate will drop down to the Support 3 at 80.10 or the Support 2 at 80.83. The USD/JPY may continue its slight downward trend this week overall.