USDJPY Forecast
The USDJPY attempted to push lower last week bottomed at 116.07 but whipsawed to the upside and closed higher at 121.57 in a high volatile market. The bias is neutral in nearest term probably with a little bearish bias testing 120.40 support area. Immediate resistance is seen around 121.80. A clear break above that area could trigger further bullish pressure testing 122.50 or higher. Potential daily range today is seen between 120.40 – 121.80.
