USDJPY (111.13): The USDJPY continues to remain range bound within 111.77 and 110.80 levels of resistance and support. The consolidation has been continuing for the past four consecutive sessions. This implies a possible breakout from this range in the near term. To the upside, above 111.77 expect to see further bullish momentum push USDJPY towards 113.71, while to the downside, below 110.80, USDJPY could be seen posting declines to 109.58.
