Japanese Yen 119.75 Remains Supportive of USDJPY

The USDJPY continues to hold above support (former resistance) from the 4/16 high at 119.84. As mentioned yesterday "a support line from the 4/25 and 5/1 lows keeps us looking higher for now.

A break of this support line would be bearish and give scope to additional erosion to the 119.00 figure (5/1 low at 119.07)."