USDJPY Daily Analysis – September 23, 2016

USDJPY broke below 101.20 support and reached as low as 100.09. Further decline to test 99.52 support is still possible. Resistance is at 102.00, only break above this level will indicate that the downward movement from 104.31 is complete, then further ally to 106.00 area could be seen.

usdjpy chart