Tanalys

USD/JPY intraday: key ST resistance at 98.3.

Pivot: 98.3

Our preference: Short positions below 98.3 with targets @ 96.8 96.2 in extension.

Alternative scenario: Above 98.3 look for further upside with 98.7 99.25 as targets.

Comment: the upward potential is likely to be limited by the resistance at 98.3.

Key levels

99.25

98.7

98.3

97.951 last

96.8

96.2

95.8

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