USDJPY - Technical Analysis: Friday, 09/06/2017 07:37 GMT

The USDJPY pair fluctuates around 109.94 level since yesterday, which continues to form negative pressure that keeps our bearish forecast valid, as we are waiting to head towards 61.8% Fibonacci correction level at 107.88, supported by RSI move near the overbought areas.

We remind you that surpassing 109.94 and settling above it will lead the pair to head towards testing 112.00 level before attempting to return to decline again.