USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 109.16. The bias is bearish in nearest term testing 108.75 area. Immediate resistance is seen around 109.50. A clear break above that area could lead price to neutral zone in nearest term retesting 110.00 region which remains a good place to sell. On the downside, a clear break and daily close below 108.75 would retest 107.60 region.

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