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USD/JPY: Short term bias neutral to slightly bullish - 2ndSkies

FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, following the rejection off 110.00, the short term bias in USD/JPY is neutral to slightly bullish.

Key Quotes

"With the solid selling, short term bias is neutral to slightly bullish, while the medium term trend is still up."

"If the pair can find aggressive buying interest today, then the bulls were happy to buy on a dip. But a close below key support around 108.45/30 would suggest a deeper unwinding and profit-taking."

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