USDJPY Forecast
The USDJPY  failed to continue its bearish momentum yesterday. The bias is neutral in nearest term but as long as stay below 112.00 I still prefer a bearish scenario at this phase targeting 110.00 – 108.13 area. Immediate support is seen around 111.00. A clear break below that area could trigger further bearish pressure testing 110.50/00 area. On the upside, a clear break back above 112.00 would activate my wait and see mode as direction would become unclear.

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