USD/JPY Mid-Day Outlook

Jul 20 2010

Intraday bias in USD/JPY remains neutral as consolidations continues. Some more sideway trading would be seen above 86.26 first and another recovery cannot be ruled out. But after all, upside is expected to be limited well below 89.14 resistance and bring fall resumption. Below 86.26 will target a test on 84.81 low next.