USDJPY Daily Forecast: October 12 - Forex
International Business Times
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By swibowo | October 12, 2012 3:49 PM EST

Fx Instructor

USDJPY Forecast

The USDJPY had a bullish momentum yesterday after failed to make a clear break below 78.00 but overall still trapped in range area of 78.00 – 79.00. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56.

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