USDJPY Daily Forecast: March 03 2016

The USDJPY attempted to push higher yesterday topped at 114.55 but whipsawed to the downside and closed lower at 113.46. The bias is neutral in nearest term probably with a little bearish bias testing 113.15 support area. Immediate resistance is seen around 114.55. A clear break and daily close above that area would keep the double bottom bullish scenario remain strong targeting 116.00 region. Fundamental focus will be on the US NFP tomorrow.