USDJPY: Short term charts are fairly neutral
|Preferred Strategy: The dollar briefly made a new trend high on Friday (113.43) before reversing to fish the day pretty much unchanged and within the recent range. Short term charts are fairly neutral although the dailies are showing signs of some tiredness on the topside and we could see a bit of a dip in coming sessions although being a US/Japan holiday it looks like being a fairly quiet Monday. Trade the range 112.00/113.00 with a 40 point SL on each side.
Economic data highlights will include:
M: Japan Holiday
T: Trade Balance, Current Account-Eco Watchers Survey, Machine Tool Orders
W: Machinery Orders,
T:
F: Foreign Bond/Stocks Investment
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