USDJPY (111. 76): Following a string of consecutive gains, USDJPY was seen easing back earlier today. This comes after the US dollar posted a two-month high yesterday. In the short term, support at 111.00 remains a key level that will be tested. This lever previously served as resistance and an unfilled gap from last Friday’s close at 110.87 will most likely be filled. Further declines are unlikely unless USDJPY slips below this support level. To the upside, the next target is likely to be 113.00.
