USDJPY Forecast The USDJPY continued its bearish momentum last week slipped below 111.30 and daily EMA 200 key support as you can see on my daily chart below suggests a bearish outlook and hit 110.25 earlier today in Asian session. The bias remains bearish in nearest term testing 109.80. Immediate resistance is seen around 110.80. A clear break above that area could lead price to neutral zone in nearest term testing 111.30 which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.80 would expose 108.50/00 region. I am bearish on this pair.