USDJPY Weekly Analysis – June 2, 2019

USDJPY broke below 109.01 support and extended its downside movement from 112.40 to as low as 108.27. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 106.00 area, only break above the trend line resistance could signal completion of the downtrend.

USDJPY daily chart