USDJPY Daily Analysis – January 9, 2018

USDJPY moved sideways in a trading range between 112.03 and 113.75. The sideways movement is likely consolidation of the uptrend from 110.84. A breakout of 113.75 resistance could trigger another rise towards 115.50. Only a breakdown below 112.03 support could trigger further downside movement towards 110.84 support.

USDJPY 4-hour chart