Akhmeem

Initial outlook for this week in neutral

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
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USD/JPY stayed in tight range last week and the initial outlook stays neutral this week. As long as 122.21 support remains intact, further rise is mildly in favor for 125.27 resistance. Decisive break there will confirm up trend resumption. Nonetheless, break of 122.21 will indicate short term topping and bring deeper fall.
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