USDJPY (112.71): The USDJPY currency pair was seen easing back following the rally toward the 113.11 handle. Price action on the daily chart closed with a doji which comes near the top end of the rally. A bearish close today could potentially signal a near term pull back in prices. Support at 112.28 remains the key level of interest in the short term. A breakout below this level could signal further declines to the next main support level seen at 111.13.
