USD/JPY Daily Outlook

USD/JPY continues to stay in tight range above 81.26 temporary low and intraday bias remains neutral at this point. On the downside, break of 81.26 will indicate that fall from 85.51 has resumed and would then target 61.8% retracement of 76.40 to 85.51 at 79.88 and below. On the upside,