USDJPY Weekly Analysis – March 8, 2020

USDJPY dropped sharply from 112.22 to as low as 104.99. Further decline could be expected after a minor consolidation and next target would be at 104.44 support, followed by 102.00 area. Near term resistance is at 106.20, a break of this level could bring the price back to 107.50 zone.

USDJPY daily chart