Yesterday USDJPY moved above 102.00 but could not hold its gain and falling back below 102.00 by closing of US trading session. It seems that bullish trend of USDJPY is loosing momentum since most of USDJPY gains come from weakness of EURUSD and GBPUSD.
USDJPY is currently moving to tes 101. 72 zone again and we expect that this support will hold today.
There is no significant reports or even today. With GBPUSD and EURUSD still continue its down trend, USDJPY may move up to test 102.00 again and we dont expect USDJPY will move in wide range today.
Forex Trading Signals:
-101.600 – 101.800
Forex Signals 247.