USDJPY Daily Forecast: March 08

USDJPY Forecast
The USDJPY had another indecisive movement yesterday. Price attempted to push lower slipped below 105.50 but closed higher at 106.04. The bias is neutral in nearest term probably with a little bullish bias testing 106.70 – 107.00 region. On the downside, 105.50 remains a key support. A clear break and daily close below that area could trigger further bearish pressure testing 104.25 region. Fundamental focus will be on the BOJ press conference and US NFP number tomorrow.

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