USDJPY Has taken the last few days off

The USDJPY cross has done little to nothing over the last 48 hours.  The pair has been content hanging around the 79.40 piovot level.  On Friday in early Asian trading we have the release of the JAP CPI report.  This could give the pair a bit of bounce.  In the mean time watch the 79.40.  A sustained break of this level and the pair could be on its way to test weekly highs at 80 followed by monthly price resistance at 80.60.  Support can be found at the monthly low at 79.

Sup     79

Pivot   79.40

Res     80      80.60

 

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