Flash: USD/JPY rebounds strongly – Commerzbank

FXstreet.com (London) - Karen Jones, Senior Analyst at Commerzbank said that the USD/JPY’s strong rebound from 95.00 on Friday and also its failure to close below its daily cloud support suggests that very near term that we will see some bounce back early in the week. However, she said given that last week we severed the 7 month uptrend, we would expect near term rallies to struggle to regain the 55 day ma at 98.95.