USDJPY Daily Forecast: May 25

USDJPY Forecast
The USDJPY continued its bearish correction yesterday bottomed at 108.95. Price traded higher earlier today in Asian session, hit 109.74. The bias is neutral in nearest term. I still prefer a bullish scenario, but only a clear break back above 110.00 could interrupt the current short-term bearish correction bias. Immediate support is seen around 109.25. A clear break below that area could trigger further bearish pressure testing 108.50 region.