Currently, USD/JPY is trading at 111.34, down -0.04% on the day, having posted a daily high at 111.46 and low at 110.95.

USD/JPY has been in a reversal of the 111.80 level from double bottom lows of 110.95. However, Valeria Bednarik, chief analyst at FXTstreet suggested that

risk remains towards the Downside in her technical view below.

Meanwhile, there was little on the calendar today from the US session and eyes remain on the Asian sessions Japanese June preliminary Nikkei Manufacturing PMI. The DXY was flat on the day in a tight range on the 97 handle while the ten-year yields also struggle between the 2.1372 - 2.1633% range, - 0.73% at 2.1477%.

EUR/JPY steady near 124.00