Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that USD/JPY continues to trade within its one month range bound between 111.00 and 115.00. Key Quotes: "USD/JPY also appears to be testing the upper bound of the symmetrical triangle formation from early February. Near term resistance has been observed around 113.80, and a break of 114.00 would shift the focus to 115.00. In terms of support, we look to 112.20." For more information, read our latest forex news.