USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 109.47 but closed higher at 109.77. The bias is neutral in nearest term. Immediate resistance is seen around 110.00. A clear break above that area could trigger further bullish pressure testing 110.50 or higher. Immediate support is seen around 109.50. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 but key support remains around 108.50.

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