Wed, 07 Dec 2011 08:19:30 GMT
USD/JPY to advance
While being supported by 77.43, 77.29 and 77.14/09 USD/JPY is perceived as a fairly bullish currency couple. The primary target lies at 78.80, followed by 79.29, 200 day ma, and 80.23. The latter line will be particularly hard to penetrate, consequently, the price is likely to consolidate there.