USDJPY Weekly Analysis – September 17, 2017

USDJPY broke above 110.94 resistance, indicating that the downside movement from 114.49 had completed at 107.31 already. Further rally could be expected in a couple of weeks and next target would be at 114.00 area. Support levels are at 109.45 and 107.31, only break below these levels could trigger another fall towards 103.60.

USDJPY daily chart