USDJPY Daily Forecast: February 22

The USDJPY attempted to push higher last week topped at 114.87 but whipsawed to the downside and closed at 112.55. The bias is bearish in nearest term testing 111.65 region. Immediate resistance is seen around 113.15/50 region. A clear break above that area could lead price to neutral zone in nearest term testing 114.00 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.