Friday up day broke 8 day fall.
The USDJPY was higher in trading on Friday. That was the 1st up day in 8 for the pair. The high reached 111.48 – short of the 111.56 target at 111.58-61 area (swing lows from February). The price tested that level on Tuesday and held support. It fell below on Wednesday and close below. On Thursday, the level was tested as resistance this time, and held. Friday’s traders used the level to lean against. Today we are moving further away. The low today has reached 110.10 so far (see daily chart below).