USDJPY May 05 to May 09 Outlook

Recap
Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but it was not able to hold onto its gain. Closed the week below Y-0 and midpoint.

Outlook
103 rejected decisively. Y+1 and above strong resistance. A push lower to Y-2 is likely once B-1 is breached.