USDJPY Daily Forecast

The USDJPY was corrected higher yesterday. On h1 chart below we can see that the pair is now testing the 38.2% Fibo retracement (of 98.55 – 95.50 ) area around 96.70. So far, this upside correction is normal, but break above 96.70 area should trigger further upside momentum. Immediate support is seen at 95.62 (yesterday’s low). CCI in neutral area both on h4 and daily chart.