Back testing 112.00 level
The USDJPY has moved higher after the weak 10 year auction results.
The pair is back up testing the resistance area between 111.98 (38.2% retracement of the move up from the November Election Day low) and the 112.06 which was the swing low from Jan 31. The low on Feb 2 came in at 112.04 and on Monday there was a swing low at 111.98 before the price broke below.