USD/JPY Mid-Day Outlook

USD/JPY Mid-Day Outlook

USD/JPY's retreat is still in progress and deeper fall could still be seen with 83.15 minor resistance intact. Nevertheless we'd still expect downside to be contained by 61.8% retracement of 81.12 to 83.96 at 82.20 and bring strong rebound. We'd maintain our view that rise from 80.93 is resuming for<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/E25993R6hss" height="1" width="1"/>

Source: USD/JPY Mid-Day Outlook