USDJPY Looking to Break the Range

The USDJPY looked as though it was going to do it today.  the pair huffed and puffed but couldn't find the power to break above the top of the range at 78.60.  The cross may have extended its range top to the 78.70 level.  Heading into Asian trading it will be interesting to see if any momo can be established for a push above the range.  The economic docket is busy out of Japan Wednesday but with minor reports.  Any move back down towards support at 78 should find buyers.

 

Sup   78

Res  78.70

Keane Insight.  Watching PX at the top of the range.

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