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Daily outlook for USD/JPY: BofA Merrill Lynch

We remain bullish and long USD/JPY. Pullbacks should be limited to old Triangle resistance, now support at 120.28/119.84 It would take a break of the Mar-03, 119.38 low to negate the breakout and force us out of our long…

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  • We remain bullish and long USD/JPY. Pullbacks should be limited to old Triangle resistance, now support at 120.28/119.84 

  • It would take a break of the Mar-03, 119.38 low to negate the breakout and force us out of our long position.  

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