USDJPY probing multi week resistance.
The USDJPY has found major resistance at the 108.50 level, and even with all the positive news on Friday we could not sustain a break above. If that happens tomorrow, we could test the 200dma and 127% Fibonacci extension at 109.06, but a failure here could allow for a diup back below the 107.00 level.
Blake Morrow
