The USDJPY pair broke 113.56 level and settles below it now, which turns the intraday trades to decline, targeting testing the key support levels between 112.96 – 112.70 before any new attempt to rise.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 113.56 level and hold above it again, noting that breaking the above mentioned support levels will push the price to achieve more decline that its next main target reaches 111.97.
Expected trading range for today is between 112.70 support and 114.00 resistance
Expected trend for today: Bearish