USDJPY (110.09): The USDJPY currency pair extended declines yesterday as price action was seen easing to a fresh two months low earlier today. The decline of the support level area between 111.13 110.85 signals the move lower. The USDJPY is likely to maintain its range below the resistance level with the retest of 109.45 likely. Establishing support here could signal a short-term rebound. Further declines can be expected only on a close below the support level at 109.45.
