Plenty of volatility is expected in coming week, as two major events are scheduled. First the Bank of Japan Monetary Policy Statement is scheduled on Wednesday followed by Federal Interest rate decision and press conference. As such USDJPY would be one of the most liquid pair to trade.

While fundamental would mainly dictate price action on USDJPY, but looking at technical aspect could provide us hint of important support & resistance levels where we could expect reversal or continuation etc. Here are some levels to get involved in a trade with proper risk management.

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