USDJPY Daily Forecast: February 10

The USDJPY attempted to push lower yesterday bottomed at 114.20 but closed higher at 115.10. The bias is neutral in nearest term. Overall I remain bearish targeting 112.50 but as you can see on my H4 chart below we have a hammer candle stick formation, so watch out for a potential bullish pullback especially if price able to make a clear break and daily close above 116.00. We need a clear break below 114.20 to continue the bearish scenario.