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USD/JPY trading around 122.50, technical bias upside

Wednesday, July 1, 2015 3:12 AM UTC

Equity markets starting to calm and GREXIT fears starting to recede
JPY has been major beneficiary from market turmoil this week
If European equity and bond markets calm today USD/JPY could drift elevated
Resistance at 38.2% Fibonacci of 124.38/121.93 move at 122.87
Key resistance is found at 123.15/20 levels

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USD/JPY trading around 122.50, technical bias upside

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