USDJPY Forecast
The USDJPY attempted to push higher last week topped at 124.43 but whipsawed to the downside and closed lower at 122.66. The bias is bearish in nearest term but overall I still prefer a bullish scenario at this phase with a tight stop loss below 122.00. Immediate resistance is seen around 123.20. A clear break above that area could lead price to neutral zone in nearest term testing 124.00 area.
