USDJPY Daily Forecast: June 10 2016
The USDJPY attempted to push lower yesterday bottomed at 106.25 but whipsawed to the upside and closed higher at 107.07. The bias is bullish in nearest term testing 107.70 key resistance. Immediate support is seen around 106.70. A clear break below that area could lead price to neutral zone in nearest term testing 106.00 – 105.50 region which remains a good place to buy with a tight stop loss.