The currency pair developed its downtrend on Tuesday. However, later it has corrected sharply. We can see a reversed Head and Shoulders pattern forming on the chart. USD/JPY tests 112,61 in the moment of writing.

Closest support areas: 112,30, 111,89, 111,38

Closest resistance areas: 112,61, 112,87, 113,04

Macroeconomic data

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Trade Balance

USD

Current Account

Existing Home Sales

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Federal Funds Rate

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