USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday and hit 119.64 earlier today. The bias is bearish in nearest term but note that price is still moving sideways between 119.60 – 121.30 and we need a clear break from that range area to see clearer direction. I still prefer to wait for the breakout, but aggressive intraday traders can still buy around 119.60 or sell around 121.30 with a tight stop loss. Potential daily range today is seen between 119.60 – 121.30.
