Thu, 01 Dec 2011 08:33:14 GMT
USD/JPY to hit 79.46
From below USD/JPY is underpinned by a number of closely located supports at 77.20, 77.01, 76.78 and 76.59 creating an extremely strong zone. Consequently, the currency couple is bullish and is headed toward 79.46, just above 200 day ma at 79.39.