USDJPY (110.73): The USDJPY currency pair was seen reclaiming the resistance level at 110.62. Price action is however showing signs of exhaustion unless there is a clear breakout above this level. To the upside, the next main target comes near 111.20 level. To the downside, in the event of a reversal, we can expect the USDJPY currency pair to drift lower to testing the support at 109.57 – 109.43 region.
