USDJPY Forecast
The USDJPY had a moderate bearish momentum yesterday bottomed at 110.66 but traded higher earlier today in Asian session hit 111.22. The bias is neutral in nearest term but as long as stay below the trend line resistance and 112.00 I remain bearish targeting 108.00 region. Immediate support is seen around 110.75. A clear break below that area could trigger further bearish pressure testing 110.00 area. On the upside, a clear break and daily close above 112.00 would activate my wait and see mode as direction would become unclear.


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