USDJPY Weekly Analysis – June 8, 2019

USDJPY stays below a bearish trend line on the daily chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 107.00 area. Near term resistance is at 108.60, a break of this level could bring the price back towards the trend line.

USDJPY daily chart