USDJPY Weekly Analysis – September 10, 2017

USDJPY broke below 108.13 key support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 106.50, followed by 103.60. Key resistance is at 110.94, only break above this level could trigger another rise to test 115.50 resistance.

USDJPY daily chart