USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias. The bias is bearish in nearest term testing 110.25/00 region. As you can see on my daily chart below, price slipped below 111.30 key support but still struggling around the daily EMA 200 located around 111.00. So from a longer term daily chart perspective we may need to wait until price convincingly close below 111.30/00 to expect a deeper movement to the downside. On the other hand, any sustained pullback above 111.30 could trigger further bullish pressure testing 111.80 or higher.