USD/JPY is trading below the 110 mark. The resistance at 111.50 (18/01/2018) is distanced. The technical structure suggests further shortterm downside moves.
We favor a long-term bearish bias. Support is now given at 107.32 (08/09/2017 low). A gradual rise towards the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 101.20 (09/11/2016 low).
 is distanced. The technical structure suggests further shortterm downside moves.){kind=link}