USDJPY Daily Forecast: May 11 2016
The USDJPY continued its bullish momentum yesterday topped at 109.34. The bias remains bullish in nearest term testing 110.00 – 110.65 area. Immediate support is seen around 108.60. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 107.60 price is still in a bullish correction phase.