USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 119.24 but recovered quickly earlier today hit 120.45, still in a high volatile market. The bias is neutral in nearest term probably with a little bullish bias testing 121.00. Immediate support is seen around 119.70. A clear break below that area could trigger further bearish pressure testing 119.00 area. Potential daily range today is seen between 119.00 – 121.00.
