USDJPY Daily Forecast: May 02 2016

USDJPY Daily Forecast: May 02 2016

2 May 2016, 06:17
Roberto Jacobs
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USDJPY Daily Forecast: May 02 2016

USDJPY Forecast
The USDJPY had a strong bearish momentum last week, broke below 107.60 key support after BOJ decision to hold monetary policy and closed at 106.29. The bias is bearish in nearest term testing 105.00 area. Immediate resistance is seen around 107.60. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.

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