USD/JPY’s selling demand is pushing lower and falls below 110. The resistance at 111.50 (18/01/2018) is distanced. The technical structure suggests further short-term downside moves.
We favor a long-term bearish bias. Support is now given at 99.02 (10/08/2013 low). A gradual rise towards the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 93.79 (13/06/2013 low).
 is distanced. The technical structure suggests further short-term downside moves.){kind=link}