USDJPY Thursday, February 11
The technical outlook for the USDJPY has not changed and the short-term trend of the US dollar against the Japanese yen is neutral. From the sellers' point of view, the definite failure of the support of 104.39 indicates the end of the corrective movement starting from 102.58 at 105.76. In this case, the short-term trend of USDJPY will be down to the support of 103.31. However, if the pair moves above 105.76, it could push the market to a 38.2% Fibonacci retracement at 106.06.