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Long

USD/JPY Daily Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
23 0 1
USD/JPY             is facing minor support at 107.63 (Kijun-Sen). Intra day weakness can be seen only below that level.
On the downside below 107.63 will target 107/106.74.
Minor resistance is around 108.35. Break above will take the pair to 108.80/109.25.
Recommendation: Buy USD/JPY             around 108, SL 107.63, Target 108.80/109.25
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