USD/JPY at fresh 1-year low, intraday bias remains bearish

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.