USDJPY Daily Forecast: May 13 2016
The USDJPY regained its bullish momentum yesterday topped at 109.39. The bias is bullish in nearest term testing 109.70 – 110.00 area. Immediate support is seen around 108.20. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay inside the bullish channel and above 107.60 price is still in a bullish correction phase.