USDJPY Daily Forecast: July 06

USDJPY Forecast
The USDJPY had another indecisive movement yesterday but traded higher earlier today in Asian session hit 110.77 after failed to break below 110.28 support area as you can see on my H1 chart below. The bias is bullish in nearest term testing 111.10/40 area. Immediate support is seen around 110.50. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear retesting 111.28 support area. Fundamental focus today will be on the US NFP data.