(99,41) The USD/YEN confirmed a strong closing last night above the resistance of the inside day at 98,65, but also above 99,16 the s/t key level. Further strength is therefore possible suggesting a new 100 overshooting! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Bearish divergences in the hourly chart still support a positive tone. Before eventually moving higher we favour a correction that could go as low as the 200 hours line, now found at 98,34! We wait for this correction.
Read the full report: USDJPY 09.03
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