USDJPY Daily Analysis – August 27, 2014

No changed in our view, USDJPY remains in uptrend from 101.50, the fall from 104.26 is likely consolidation of the uptrend. Support is at 103.50, as long as this level holds, the uptrend could be expected to continue, and next target would be at 105.00 area. Only break below 103.50 support could signal completion of the uptrend.

usdjpy chart