financialmarketsalgorithms
Short

USDJPY- Support near 112 area broken- Targets 110.5/109

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has broken important technical levels @ 112. Targets are 110.5/109. Break of 107.5 will put security in firm downtrend. Stop for this trade around 114.5. Fundamental news is JPY bullish with the BOJ attempting to push up yields.
Jan 16
Comment: Target 1 achieved. Revise SL to 113

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