USDJPY Weekly Analysis – July 22, 2017

USDJPY failed to break above 115.50 again. Indicating that lengthier sideways movement in a range between 108.00 and 115.50 is underway. Another fall to test 108.13 support could be expected in a couple of weeks. Near term resistance is at 112.50, only a break above this level could trigger another rise to retest 115.50 key resistance.

USDJPY daily chart