USDJPY Forecast
The USDJPY had a bearish momentum yesterday and hit 119.46 earlier today. The bias is bearish in nearest term testing 118.80 area. Immediate resistance is seen around 120.00. A clear break above that area could lead price to neutral zone in nearest term testing 120.50 area. On the downside, a clear break and daily close back below 118.80 would reactivate my bearish (technical)mode which interrupted by market reaction to BOJ’s decision last week.
