USDJPY (112.62): The USDJPY currency pair was seen maintaining the strong gains for the most part of the week. However, the momentum looks to have flattened out and we could expect to see a short term correction. To the downside, the recently breached resistance at 112.28 is expected to turn to support. Failure to hold this level could trigger further declines in USDJPY back toward the 111.13 region.
