USDJPY Daily Analysis – August 24, 2017

USDJPY is forming a sideways consolidation in a range between 108.60 and 109.82. Near term support is at 108.60, a breakdown below this level could trigger another fall to test 108.13 (Apr 17 low) support. Resistance is at 109.82, above this level could take price to 110.60 area.

USDJPY 4-hour chart