USDJPY – Daily Forex Technicals by ForexHound.com June 9th

USDJPY clearly broke above the 102.50/105.50 consolidation and with the support offered by the marked trendline connecting last weeks lows the pair surged above 106 and it should close on the 108 target we have projected. USDJPY clearly broke above the 102.50/105.50 consolidation and with the support offered by the marked trendline connecting last weeks lows the pair surged above 106 and it should close on the 108 target we have projected. With enough momentum we might reach 108 this week, failure to do so will once again put pressure on the USD.

[NP][/NP]