USDJPY Forecast
The USDJPY continued its bearish correction yesterday bottomed at 108.95. Price traded higher earlier today in Asian session, hit 109.74. The bias is neutral in nearest term. I still prefer a bullish scenario, but only a clear break back above 110.00 could interrupt the current short-term bearish correction bias. Immediate support is seen around 109.25. A clear break below that area could trigger further bearish pressure testing 108.50 region.

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