FXstreet.com (Barcelona) – Commerzbank analysts expect the USD/JPY to retest the 200-day MA at 78.99 as the market remains subdued and is stalled at the 4 month resistance line at 80.07. “Provided the market holds above the 78.61/15th June low short term stability will be maintained”, wrote analyst Karen Jones, pointing to a drop towards 77.65 (June low) if the pair loses that handle. On the upside, key resistance is at 80.61/63.
