USDJPY (109.84): The USDJPY currency pair was seen posting losses with the markets going easy on risk. Following the break of the rising trend line and the rising wedge pattern, the USDJPY currency is likely to retest the lower support at 109.57 – 109.43. In the near term, any retracement will most likely test the breakout level near the trend line at 110.09. But further gains are likely to be limited at this point.
