USD/JPY
112.60
Market rebound fast yesterday fror 111.30 where Market now expecting BOJ to step in for Currency intervention to prevent Japanese Yen from any farther decline below 110.00
BOJ may go for verbal intervention to reach traders that any farther decline in USDJPY may not be acceptable for policy makers
however market expecting that any prices below 113.50 may be zone of BOJ verbal intervention while below 110.00 market odds for direct currency intervention from BOJ will be high
from technical analysis view , chart showing continues downtrend pressure over USDJPY as safe haven demand for Japanese Yen that may keep pressure to visit the 110.00 and below whether there was any intervention or not while resistance laying at 113.50 and 115.10
Mid-Run still seeing target for 106.60 as first target
| Support | Resistence | |
| Level 1 | 111.65 | 113.50 |
| Level 2 | 111.00 | 115.10 |
| Level 3 | 110.00 | 116.00 |
