Update Time: 22 Feb 2016 08:31 GMT
USD/JPY - 112.94
Dollar's intra-day selloff from 113.21 to 112.31 on Friday strongly suggests the first leg of correction from February's 15-month trough at 110.99 has ended at 114.88 last Tuesday and consolidation with downside bias would be seen for weakness towards 112.10/13.
However, near term loss of momentum would keep price above support at 111.66/70.
On the upside, only above 114.51 would indicate aforesaid pullback is over instead and turn outlook bullish for a re-test of said top, break, 115.10/20.
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