JPY Trading Outlook (21-02-2014)

AUD/JPY: AUD/JPY dropped after Chinese PMI from a high of 92.30 to a low of 91.03 and reverse back from strong AUD/USD pull back. 4 Hour pivot at 92.45 with support down to 90.85.

USD/JPY: Once again, this pair continued its trading range. With poor data and FOMC calming the market, traders unsure of direction. A break on either 102.80 or 101.50 is needed for a clearer signal.

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