Good morning, traders. The lack of economic events during the Asian session didn’t hold the markets back from making moves. The US markets will remain closed today in the observance of Martin Luther King Day. But, the remaining days will offer events to work as catalysts for the Japanese crosses.

Key Events This Week

Here are few events which you should monitor particularly for trades in EURJPY and GBPJPY:

• GBP – CPI y/y (Tuesday at 9:30 GMT)
• GBP – Retail Sales m/m (Friday at 9:30 GMT)
• EUR – Final CPI y/y (Wednesday at 10:00 GMT)

Now let’s check out support and resistance levels for these forex crosses.

EURJPY – Major Trading Levels

Support     Resistance

133.64       136.16

132.86       136.94

131.6         138.2

Key Trading Level:    134.9

GBPJPY – Major Trading Levels

Support     Resistance

150.77    153.45

149.94    154.28

148.6    155.62

Key Trading Level:    152.11