USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 114.03 but closed lower at 113.54 after failed to test 114.20 – 114.70 key resistance area. The bias is neutral in nearest term probably with a little bearish bias testing 113.15/00 support area. A clear break and daily close below that area would expose 112.50 – 112.00 key support area which remains a good place to buy. On the upside, 114.20 – 114.70 remains a key resistance and good place to sell.

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