USD/JPY, 118 failed to hold, 115.50 in sight!
In my previous USD/JPY analysis from January 12. I was pointed 118 as strong support level and it was for three times, but 4-th attack at the level broke the support, after which the level become resistance. I was pointed 118.80 as minor level then, but it looks like that level played a key role yesterday after the pair slided strongly down toward next support at 116.50/70 where the pair found buyers for now. Could the pair reach 115.50/60 again, the support level from December 16.