February 8th, 2010 – Currently, the USD JPY is in a neutral momentum bias. The two main resistance lines to look forward to would be 91.26 and 88.53 . On the upside, if the USD JPY breaks the 91.26 resistance line then the expected target would be 93.75. On the downside, if the USD JPY break the 88.53 resistance line then the first target would be 87.35. The NFP (-20K) & unemployment rate (9.7%) didn’t give the currency a resistance or momentum.
