Technical Bias: Bullish Key Takeaways: 121.75 remains key hurdle for USDJPY Japan’s manufacturing figure missed expectations Buying on dips still preferred The US Dollar (USD) extended downside movement against the Japanese Yen (JPY) on Monday, increasing the price of USDJPY to more than 120.00 following the release of Japan’s Manufacturing Purchasing Managers Index (PMI) news. The technical bias remains bullish due to a Higher High on the daily chart. Technical Analysis As of this writing, the pair is being traded around 120.29. A hurdle can be seen near 120.73, the intraday high of yesterday ahead of 121.75, the swing high of the