USDJPY Weekly Analysis – March 4, 2018

USDJPY extended its downside movement from 113.75 to as low as 105.24. As long as the price is below the falling trend line on the daily chart, further decline would likely be seen and next target would be at 102.00 area. The key resistance is at 107.90, only break above this level could signal completion of the downtrend.

USDJPY daily chart