Bulls fought back control and pushed the spot to fresh highs. The pair rebounded from 111.00 and rallied towards 112.00. The US dollar regained the level during the night trades and advanced towards 112.50 afterwards. The resistance lies at 113.00, the support comes in at 112.00.
We assume that the yen will suffer more losses in the coming days. Our profit targets are 112.50 and 113.00.