USDJPY Jun 17 to Jun 21 Outlook

By News Robot

Lawrence’s Comment

Recap
Instead of a quite week, we got Japanese officials who refused to shutup. That guaranteed the flush to new low for us when ninja failed to clear the pre-breakdown level. Closed the week below Y-1 and near week low.

Outlook
Long term support around 92.

Intervention at B-1 will send it back up to B-0 easily. As long as B-0 upto Y-0 acting as resistance, I think ninja has to move down to 92 first before bottoming out on weekly basis.

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