USDJPY, Topix, FTSE China A50, Hang Seng, Hang Seng CE Index, Kospi, Nikkei 225

Daily Forecast – 13 May 2013 USDJPY USDJPY broke resistance at 99.70/90 & closed above 2009 highs at 101.45. We now look for 102.42 then 103.07 but we should struggle at 103.55 this week. Do bear in mind however that we could reach as far as 105.50 in the coming weeks on this next leg higher. Good support at 100.81 could hold any profit taking but below here 100.09 could be a buying op- portunity with further good support at 99.76. Longs need stops below 99.50.

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USDJPY, Topix, FTSE China A50, Hang Seng, Hang Seng CE Index, Kospi, Nikkei 225

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