March 8th, 2010 – The USD JPY has been able to sustain it’s bullish run on Friday and hitting a high of 90.57 . Currently, the USD JPY is at 90.30 and for it to keep it’s neutral/bullish momentum going; it must stay above the 89.46 resistance line. On the upside, the next target for the USD JPY would be the 91.26 resistance line. On the downside, if the USD JPY breaks the 89.46 resistance then it would target the 88.12 resistance line.
USD JPY Daily Outlook and Forecast
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