USD/JPY opened the week higher again and reached 112.98 so far. Intraday bias remains on the upside and current up trend should target 100% projection of 101.08 to 110.08 from 105.19 at 114.19. Break will target 161.8% projection at 119.75 next. On the downside, below 111.88 minor support will bring brief consolidations before staging another rise.
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