USDJPY Daily Forecast: June 06 2016
The USDJPY had a strong bearish momentum last week bottomed at 106.51. The bias is bearish in nearest term testing 106.00 – 105.50 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 107.70. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.