The much-needed technical correction in the USD/JPY pair will likely gather pace today, technical charts indicate. At press time, the currency pair is trading at 112.70 - down 0.13 percent on the day, having clocked a six-month high of 113.14 yesterday. The pullback from 113.14 to 112.70 indicates the bulls are keen on booking profits and is likely the beginning of a deeper correction, technical charts indicate. Daily chart The pair created a doji candle yesterday, which usually represents indecision in the market place. However, when viewed against the backdrop of 8 percent rallyfrom the March 26 low of 104.63, the ... (full story)