March 4th, 2010 – The USD JPY has reached the lowest level so far this month at 88.12 . The expectation now is that the USD JPY would target the 87.35 resistance line if the bearish momentum continues. On the upside, if the USD JPY breaks the 89.46 resistance line then it would enter into neutral bias; and if it breaks the 91.26 resistance then it would be entering into a bullish bias momentum. There unemployment rate and NFP news will be coming out tomorrow, that may give the currency a clearer outlook for this month.
