The USDJPY had a bearish momentum yesterday bottomed at 97.14 but corrected higher earlier today hit 97.78. The bias is neutral in nearest term probably with a little bullish bias testing 98.40 area. Key support is seen around the trend line (see my chart below) located around 97.00 – 96.80. A clear break below that area could trigger further bearish scenario. My major technical outlook remains neutral/unclear.
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