USDJPY Weekly Analysis – April 15, 2017

USDJPY continued its downward movement from 115.50 and the fall extended to as low as 108.54. Near term resistance is at 110.00, as long as the pair is below this level, the downtrend could be expected to continue, and next target would be at 105.00 area. On the upside, a break of 110.00 resistance will indicate that the downtrend from 115.50 is complete, then the following rebound could bring price to 113.00 zone.

USDJPY chart