USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. I still prefer a bearish scenario at this phase, but need a clear break and daily/weekly close below 122.20 to confirm the bearish scenario testing 121.50 or lower next week. On the upside, 123.60 remains a key resistance. A clear break above that area could trigger further bullish pressure testing 124.00/50 region.
