USD/JPY's fall continues today and made fresh yearly low as ¥112.32 so far.
- It made intraday high at ¥113.58 and low at ¥112.32 levels.
- Intraday bias remains downside for the moment.
- On the downside, minor support level is seen at ¥111.96 levels.
- A daily close below ¥111.96 will target ¥109.17 and ¥106.63 thereafter.
- On the upside, above 114.20 minor resistance levels will turn bias bullish again.
We prefer to take short position in USD/JPY around ¥112.50, stop loss ¥114.20 and target ¥109.00.
