USDJPY Forecast
The USDJPY continued its bearish momentum yesterday, broke below 123.75 support area and bottomed at 123.32. The bias is bearish in nearest term testing 122.50. Immediate resistance is seen around 124.00. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Potential daily range today is seen between 122.50 – 124.00.
