USDJPY Weekly Analysis – January 25, 2014

USDJPY broke below 102.85 support, suggesting that the uptrend from 96.57 had completed at 105.44 already. Further decline would likely be seen over the next several weeks, and the target would be at 95.00 area. Key resistance is now at 105.44, only break above this level could trigger another rise towards 110.00.

usdjpy chart