USDJPY PRICE ACTION: Yen Remains Bullish.

In our previous commentary on the yen on 6th September, we discussed the bullish breakout on the daily chart of this pair which was preceded by a couple inside bar Trade Setups. Price however faced hesitation and dropped lower following the NFP release of last week but price has again resumed its more dominant bullish trend after yet another inside bar Trade Setup at the close of trading on Monday. The pair remains bullish and could yet attempt to reach its 101.00 Psychological Zone. Only a break below 99.00 would initiate any reasonable sell off.

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