USDJPY Moved Up A Level

The USDJPY pushed higher in anticipation of some sort of bold action by the FOMC on Wednesday.  The Fed provided a bit of action with the extension of operation twist.  The Yen has held its gains into the New York close and now find itself back in last weeks range between 79.80 and 79.30.  In the short-term I would steer clear of this pair in favoe of other crosses such as the EURJPY ,  GBPJPY or AUDJPY.

Res    79.80

Sup   78.60

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