The USDJPY had another insignificant movement yesterday. The volatility has been low, moving only 50 pips up and down since December 12. There are no changes in my technical outlook. I still prefer to have a long term perspective, seeing area above 75.65 as a buy zone, expecting a bullish reversal scenario after hit the record low. Immediate support remains around 77.50 followed by 77.12. Immediate resistance is seen around 78.20/50 area. A clear break and daily close above that area could trigger further bullish momentum testing 79.52 region.
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