February 4th, 2010 – The USD JPY is currently @ 90.54 and has a neutral bias momentum. The two main resistance lines to look forward to before the unemployment rate comes out tomorrow would be 91.26 and 90.06 . If the 91.26 resistance line is broken, then it would indicate a bullish run and the expectation would be for the USD JPY to target the 93.75 resistance line. On the downside, if the 90.06 resistance is broken then the it would pick-up a bearish momentum and the the expectation would be that the USD JPY would target the 89.12 and then the 87.35 resistance lines.
