USDJPY Daily Analysis – September 28, 2017

USDJPY’s upside movement from 107.31 extended to as high as 113.25. Further rise could be expected and next target would be at 114.00 area. Key support is at 111.47, only a breakdown below this level would indicate that reversal pullback is underway, then the following downside movement could take price back to next support level at 109.54.

USDJPY 4-hour chart