USDJPY Weekly Analysis – September 24, 2017

USDJPY’s bounce from 107.31 extended to as high as 112.71. Near term support is at 110.70, as long as this level holds, further rise to retest 115.50 key resistance is still possible. On the downside, a break below 110.70 level could indicate that correction for the uptrend is underway, then the pair would find next support level at 109.45.

USDJPY Daily Chart