USDJPY Daily Forecast: June 06

USDJPY Forecast
The USDJPY attempted to push lower yesterday, bottomed at 109.47 but closed higher at 109.77. The bias is neutral in nearest term. Immediate resistance is seen around 110.00. A clear break above that area could trigger further bullish pressure testing 110.50 or higher. Immediate support is seen around 109.50. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 but key support remains around 108.50.