USDJPY Weekly Analysis – January 12, 2020

After touching 107.88 support, USDJPY rebounded strongly to 109.69, facing the resistance level at 109.72. Further rise would likely be seen next week and next target would be at 111.00 area. Near term support is at 108.95, a breakdown below this level could trigger another fall towards 108.00.

USDJPY daily chart