USDJPY has been bearish since October 16 and has now reversed around half of the rally that took place from 107.31 to 114.73. The market is testing two-month lows at the 50% Fibonacci (111.04) of the September 8 to November 6 upleg. A move above 112.00 would help ease downside pressure but a rise above 113.00 (23.6% […]