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AUDJPY Coiled in the 109 Zone – Buy the Dip, 112 in Sight?

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Major European Indices

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USD/JPY remains bearish

Monday, March 23, 2015 8:22 AM UTC

Technical outlook stays bearish; spot front end riskies bid downwards
Modest offers seen up to 120.60
Bids seen at 119.75; stops clustered under 119.60
Market weighed by hourly supply at the end of Fri
5year UST/JGB yield spread in tight range; 30-day log correlation +0.67

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USD/JPY remains bearish

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