USDJPY Daily Forecast: February 24 2016

The USDJPY had a bearish momentum yesterday and hit 111.75 earlier today. The bias remains bearish in nearest term testing 111.65 before retesting 110.96. Immediate resistance is seen around 112.30. A clear break above that area could lead price to neutral zone in nearest term testing 113.00 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.