FX:USDJPY   U.S. Dollar/Japanese Yen
99 1 1
Yen appears to be strengthening as the Nikkie index swoons. The bearishness in the pair is controlled for the time being. The pair has been finding support around 100.500 area but has found ready sellers around 102 level in the past week.

Key support resides at 99.60-80. Close below 99.60 will find next support way down at 97. A close above 102.520 will be constructive for another run to 104.
This trade is now closed.
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