USDJPY Daily Forecast: January 11

USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 111.27. Price corrected higher earlier today in Asian session hit 111.84. The bias remains bearish in nearest term testing 111.05 region. Immediate resistance is seen around 112.00. A clear break above that area could lead price to neutral zone in nearest term testing 112.75 region. Overall I remain neutral.