USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 119.40 but closed a little bit higher at 119.73. The bias is bearish in nearest term especially if price able to make a clear break below 119.40 testing 119.00 – 118.35 area. Immediate resistance is seen around 119.80. A clear break above that area could lead price to neutral zone in nearest term testing 120.35 or higher.
