USDJPY’s bullish movement from 109.36 extended to as high as 112.71. Support is now at 111.90, as long as this level holds, the upside movement could be expected to continue and next target would be at 113.00 area. On the downside, a breakdown below 111.90 support would suggest that the upside movement is complete, then the pair would find support at around 111.00.
