USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias and consistently move above 121.48. The bias remains bullish in nearest term testing 123.00 area. Immediate support is seen around 121.30, a good place to buy with a tight stop loss. A clear break back below that area could lead price to neutral zone in nearest term but could create a false breakout bearish scenario testing 120.80 or lower. Fundamental focus today will be on the US NFP number. My major technical outlook remains neutral.
