The USDJPY once again failed to gain any momentum from Tuesdays gains.  Price action around the 79.40 has been pivotal this week.  A hold above this price and we could see a retest of the 80 level.  A break below and resistance at 79 could be tested.

Sup     80.60

Res     79                  Pivot     79.40

Watch Currency Wrap a quick market shot and trading plan for tonight  Asian and European markets  http://wp.me/p2pFeJ-1wn