USD/JPY:The latest pullback from the 2012, 84.20 highs is viewed as corrective and it looks as though the market could still see a bit more weakness before considering the possibility for the formation of a medium-term higher low.

Current level - 80.19

Nothing interesting here as the pair is still in the minor range between 80.61 and 79.95. My outlook remains neutral.

Current level - 80.51

Yesterday's break above 79.92 confirmed a reversal at 79.63 and my outlook remains bullish for a rise towards 81.80 major resistance. The intraday bias is positive as well, supported at 80.30 and with a crucial level at 80.10. Initial minor resistance can be spotted at 81.06 dynamic projection.

USD/JPY:The latest pullback from the 2012, 84.20 highs is viewed as corrective and it looks as though the market could still see a bit more weakness before considering the possibility for the formation of a medium-term higher low.