USDJPY Daily Analysis – February 22, 2017

USDJPY is forming a sideways consolidation in a range between 110.59 and 115.62. Another fall to test 111.59 support would likely be seen and a breakdown below this level will signal resumption of the downtrend from 118.66 (Dec 15, 2016 high), then next target would be at 110.00 zone.

usdjpy chart