USD/JPY Forecast
The USD/JPY had a bullish momentum last week topped at 111.12 but closed lower at 110.40 after rejected above the D1 EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term Testing 110.00 region. A clear break and daily close below that area could trigger further bearish pressure testing 109.50/00 region. On the upside, a clear break and daily close above 111.00 would resume the bullish pin bar scenario testing 112.00/20 area.