Thursday, April 16, 2015

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains mildly on the downside at this point. The recovery from 118.32 has completed at 120.83. Fall from 122.01 is possible resuming for 118.32 and below. Overall, USD/JPY is staying in range and more sideway trading could be seen. We'd expect strong support from 115.55 cluster



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