First National Innovation Brokers the daily forecast USDJPY August 7th

USDJPY

The USDJPY continued its bearish momentum yesterday and hit 97.09 earlier today. The bias remains bearish in nearest term testin 96.70 or lower. Immediate resistance is seen around 97.80. A clear break above that area could lead price to neutral zone in neaest term but any upside pulback now is normal and as long as stays below 99.00 I still prefer a bearish scenario at this phase.