USDJPY (111.01): The USDJPY currency pair maintained strong gains as the price inches closer to 111.21. We expect to see a reversal at this level which could see some downside in the currency pair. The lower support at 109.74 remains a key level of interest, and the USDJPY could maintain a sideways range as a result. If the bullish momentum will push the USDJPY higher, then we could expect further gains on a successful breakout above 111.21.
