USDJPY Daily Forecast: June 12

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 110.11 and hit 110.49 earlier today in Asian session. The bias is bullish in nearest term. A clear break and daily close above 110.26 – 110.50 would confirm the bullish signal targeting 111.00 – 111.50 key resistance area. Immediate support is seen around 109.95. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.