Tue, 19 Jun 2012 07:47:54 GMT
USD/JPY lingers at 79.05/18
USD/JPY is currently attempting to erode 79.05/18, above which the pair will gain a solid foothold and restore its positive outlook. However, at the moment the price appears to be unable to overcome a key resistance area and is slowly inching lower. The initial support it may encounter lies at 78.53, while subsequent levels may be found at 78.05/00 and