USDJPY Forecast
The USDJPY attempted to push higher yesterday topped at 120.49 but whipsawed to the downside and closed lower at 119.80. The bias is neutral in nearest term, probably with a little bearish bias testing 119.30/00 area. Immediate resistance is seen around 120.25. A clear break above that area could trigger further bullish pressure testing 120.50 – 121.00 area. Overall I remain neutral.
