USDJPY Daily Forecast: January 10

USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 112.36 and hit 112.16 earlier today in Asian session. The bias remains bearish in nearest term testing 1120.00 – 111.65 support area. Immediate resistance is seen around 112.75. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.