USDJPY, Kospi, Nikkei 225, Hang Seng, Topix

Daily Forecast – 07 June 2013 USDJPY USDJPY retested this week’s low of 98.90/80. This remains good support & should offer a second buying opportunity as stated yesterday, with stops needed below 98.50. We are looking for a move higher towards 99.54 & possibly as far as 99.95/100 today. Watch for a high for the day here but if we continue higher look for 100.32 & then strong resistance at 100.65/75 which should a bounce at this stage.

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USDJPY, Kospi, Nikkei 225, Hang Seng, Topix