USDJPY Daily Forecast: July 02

USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 110.94 and hit 111.06 earlier today in Asian session. The bias is bullish in nearest term testing 111.40 region. Immediate support is seen around 110.50. A clear break below that area could lead price to neutral zone in nearest term testing 110.20/00 area. On the upside, a clear break and daily close above 111.40 would expose 111.80 – 112.00 region which is a good place to sell with a tight stop loss.