The USDJPY pair continued its bullish rally to test 111.32 level by today’s opening and settles above it now, which stops the recently suggested negative scenario and lead the price to achieve more rise in the upcoming period, turning the intraday and short term track to rise, targeting 112.00 followed by 113.38 levels as next main stations.
Therefore, the bullish trend will be expected in the upcoming period unless breaking 111.32 level and holding below it again.
Expected trading range for today is between 110.80 support and 112.30 resistance
Expected trend for today: Bullish