USDJPY Daily Forecast: May 10

USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 109.85 and hit 109.94 earlier today in Asian session. The bias is bullish in nearest term but note that we need a clear break above 110.05 to resume the bullish phase testing 110.50 or higher. Immediate support is seen around 109.50. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 but key support remains around 108.50 area.