USDJPY Weekly Analysis – September 30, 2017

USDJPY extended its bullish movement from 107.31 to as high as 113.25. Further rise to test 115.50 key resistance could be expected in a couple of weeks. Near term support is at 111.00, only a breakdown below this level could indicate that correction pullback is underway, then the pair would find next support level at 109.45.

USDJPY daily chart