Price moves back below the old 2021 highs at 111.653
The USDJPY has seen increasing selling pressure as the London/European month moves closer to the close.
Another target area comes off the daily chart between 110.96 and 111.11. Those levels corresponded with the swing high going back to March 2021 and June 2021. This week, the price moved up to test that area on Monday, and than on Tuesday moved above with momentum.