FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees occasional bullish attempts to run out of legs near 118.70. Key Quotes “USD/JPY has once again sold off to support circa 116.30/115.50”. “Intraday rallies are indicated to struggle 118.70. This guards the 121.70 recent high”. “Downside risks have increased, however we will need a close below 115.50 to break the market free from its recent range”. For more information, read our latest forex news.