USDJPY Daily Forecast: October 08

USDJPY Forecast

The USDJPY had a bullish momentum last week topped at 78.86. The bias remains bullish in nearest term testing 79.00/50 area. Immediate support is seen around 78.25/00. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.