USDJPY Daily Forecast: March 09 2016

The USDJPY continued its bearish momentum yesterday and hit 112.41 earlier today. The bias remains bearish in nearest term testing 111.65 – 110.96. Immediate resistance is seen around 113.15. A clear break above that area could lead price to neutral zone in nearest term but would give the double bottom bullish scenario another chance testing 113.50 – 114.00 region.