USDJPY can't keep momentum going above 112.00 area - ConsultFX

USDJPY can't keep momentum going above 112.00 area

The 111.98-112.05 is a swing area for traders Back in December-January, the price of the USDJPY moved above the 111.98-112.05 and chopped in a range up to 113.75 (see daily chart below).  On January 10th, the price fell back below that area and trended lower (to the March low of 104.62).