USD/JPY Mid-Day Outlook

Jul 22 2010

USD/JPY recovers mildly ahead of 86.26 support but still, intraday bias remains cautiously on the downside for the moment. Break of 86.26 will confirm that recent decline has resumed and should target 84.81 key support level next. On the upside, above 87.56 will delay the bearish view and bring more