USDJPY Daily Forecast: May 16

By IBTimes Staff Reporter | May 16 2012 1:21 AM

USDJPY Forecast

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The USDJPY had a bullish momentum yesterday, topped at 80.32 and hit 80.43 earlier today. The bias is bullish in nearest term testing 80.60 – 81.00 before testing 81.80. Immediate support is seen around 80.00. A clear break back below that area could lead price to neutral zone in nearest term but as long as stays above 79.52/35 I still prefer a bullish scenario.

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