Wednesday, June 25, 2014

USD/JPY Daily Outlook

At this point, USD/JPY is staying in familiar range below 102.79 and intraday bias remains neutral. We continue to favor another fall and below 101.42 will target 100.65/82 key support zone. Break there will carry larger bearish implications. Meanwhile, break of 102.79 will extend the rebound from 100..82 towards 104.12.



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