USD/JPY’s strong rebound lost momentum after hitting 156.81. Initial bias stays neutral this week first. Nonetheless, current development solidifies the case that price actions from 159.44 are merely a near term consolidation pattern. In other words, rise from 139.87 is still in progress. Above 156.81 will target 157.65 resistance and then 159.44 high. On the […]The post USD/JPY Weekly Outlook appeared first on ActionForex.