From a daily chart perspective, the USD/JPY is neutral upward biased, despite dropping from weekly highs toward the 136.10s area. If the USD/JPY bears reclaim the 136.00 figure, that would open the door for further losses. The first support would be the March 1 low of 135.25, followed by strong support below 135.00. Firstly the 100-day EMA at 134.90, followed by the 20-day EMA at 134.39, and then the 134.00 mark.
On the other hand, a bullish continuation would continue if USD/JPY bulls hold prices above 136.00. The first resistance would be the December 20 high at 136.77, followed by the psychological 137.00 mark.
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