USD JPY improved Monday s recovery
2/21/2017 1:12:50 PM
The USD/JPY pair was seen improving Monday's recovery move returned over 113.05 handle and raised to 3-day tops among new dollar strength.
At present trading around 113.57 area, the dollar recovered traction during Asian session on Tuesday.
A follow through buying interest above 113.77 area is likely to boost the pair further away 114.03 handle towards its next persistence near 114.27 area. On the downside, retracement back below 113.23 immediate support is likely to pull the pair back towards 112.83 horizontal support before finally dropping to 112.42 strong support.
FOREX market analysis by FxErvin.