USDJPY (110.91): The USDJPY extended strong losses on Friday as anticipated. The break down below the 112.28 level saw price action posting strong declines as a result. Friday’s price action saw prices testing the major falling trend line that was breached. This is likely to act as a dynamic support in the near term. A break down below this level is required which could push the currency pair lower to the next main support at 111.13 – 110.85 level.
