USDJPY Daily Analysis – June 8, 2017

USDJPY broke above 109.90 resistance, suggesting that the short term downtrend from 111.71 had completed at 109.11 already. Further rally would likely be seen in a couple of days and next target would be at 111.00, a break through this level will confirm that the whole downtrend from 114.36 is complete, then the following bullish movement could bring price into 115.00 zone.

USDJPY 4-hour chart