USD/JPY Pullback.

After breaking lower over the last couple days the pair has pulled back and is heading for the 96.30 resistance level. A push above that level would indicate a test of resistance in the 96.50-96.60 area and if that fails to hold, 97.20 beyond.

Support is at 95.60 and 95.00.

More news out of the US today is likely to make for a wide ranging day.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros. com