USDJPY Weekly Analysis – September 2, 2018

USDJPY moved sideways in a trading range between 109.77 and 112.15. The sideways movement is likely consolidation for the downtrend from 113.17. Further decline would likely be seen after the consolidation and a breakdown below 109.77 support could trigger further downside movement towards 108.00. Key resistance is at 112.15, only a break of this level could take the price towards 115.50 resistance.

USDJPY daily chart