USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 109.44. The bias is bullish in nearest term especially if price able to make a clear break above 109.50 testing 110.00 – 110.65 region. Immediate support is seen around 109.08 (current low). A clear break below that area could lead price to neutral zone in nearest term testing 108.50 area or lower but note that 108.50 – 107.50 region remains a key support and good place to buy with a tight stop loss below 107.50. Fundamental focus will be on the US NFP on Friday. Overall I remain neutral.

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