USDJPY Daily Forecast: September 13 2016
The USDJPY had a bearish momentum yesterday bottomed at 101.56 and hit 101.41 earlier today in Asian session. The bias is bearish in nearest term testing 101.15. A clear break and daily close below that area could trigger further bearish pressure testing 100.00 – 99.50 region. Immediate resistance is seen around 102.50. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear but overall I remain bearish.