USD/JPY daily chart
- USD/JPY has erased yesterday’s gains.
- The overall picture remains bullish for the currency pair.
USD/JPY 4-hour chart
- USD/JPY is trading above 111.80 support and the 100 SMA.
USD/JPY 30-minute chart
- USD/JPY would need to break above 111.90 and the 100/200 SMA to move up to 112.05, 112.20 and 112.35 resistances.
- To the downside, support is seen at 111.65 and 111.50 level.
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