Forex Analysis : USD/JPY

The monthly chart of the Yen remains very bearish, but in the short term a rebound to 82.10 and possibly nearer 82.50 can’t be ruled out.

Trade View
• A conditional punt if USD/JPY dips to 81.35 or so for a speculative rebound to 82 or just above might tempt some, with a stop at either 80.88 or 81.27 for those just in for fun.
• However, if 81.30 is taken out very quick this week – within 4 to 6 hours of open, then it will probably come off to 81.00, so it might pay to wake late rather than catch it at first tick.

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