USDJPY (109.88): The USDJPY currency pair was seen falling back to the support level of 109.57 – 109.43 region. The retest of this support level could potentially see further gains in store. To the upside, the test of resistance at 110.62 is very likely. Alternately, a breakdown below 109.57 – 109.43 level could signal a deeper decline with the next lower support at 108.90 being the likely target.
