USDJPY (112.28): The USDJPY currency pair was seen maintaining the bullish trend as price action is currently testing the highs near 112.00. The breakout comes as the USDJPY managed to close above a multi-year falling trend line. Price action at the current levels coincides with a minor resistance level that is being tested. A reversal off this level could keep USDJPY within the range of the trend line and the horizontal resistance level.
