USDJPY Forecast
The USDJPY had a strong bearish momentum yesterday after FOMC, bottomed at 19.30 but closed higher at 120.09. The bias is bearish in nearest term retesting 119.30. Immediate resistance is seen around 120.30. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. I prefer to stand a side for now.


By FXOpen