USDJPY Daily Forecast: February 23

USDJPY Forecast

The USDJPY attempted to push higher yesterday topped at 113.38 but whipsawed to the downside and hit 112.00 earlier today. The bias remains bearish in nearest term testing 111.65 area before retesting 110.96. Immediate resistance is seen around 112.65. A clear break above that area could lead price to neutral zone in nearest term testing 113.15/50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.