TECHNICAL ANALYSIS BY NSFX 14.06.2015
The pair is struggling to stay above its 21SMA. If UsdJpy should retrace below 122 area it might test 118.4. Below this level the framework will be neutral and only below 115.66 will turn negative. A breakout above the 2015 top can lift the rate to 127 and then to 130, a level traded back in 2002. The RSI is neutral and volatility rose to its 3 months high.