USD/YEN Update – 15/09/2017 (11:50am) – by Arjun Lakhanpal

USD/YEN Update – 15/09/2017 (11:50am): A decisive break through the 111.00 handle seen in USDJPY, above which the pair is likely to dart towards the 112.00 level with some intermediate resistance near 111.35 area. On the flip side, 110.50-45 zone now seems to protect immediate downside, which if broken could drag the pair back towards the 110.00 psychological mark ahead of 109.70 horizontal support.