March 5th, 2010 – The USD JPY is still in a bearish bias momentum and holding below the 89.46 resistance line. If the USD JPY does break the 89.46 resistance line, it would be entering into a neutral bias momentum. There will be three important resistance lines to look forward to before the unemployment rate and NFP numbers do come out; 91.26, 89.46, and 88.12 . On the the upside, if the USD JPY does enter a neutral bias momentum (above 89.46) then it would be expected that it would target the 91.26 resistance line for a bullish run. On the downside, if the USD JPY does break the 89.12 resistance line, the expectation would be that it would target the 87.35 resistance line and it may go further down.
