USDJPY Weekly Analysis – April 5, 2020

USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, the fall from 111.71 is likely corrective consolidation for the uptrend from 101.17, as low as 106.90 support holds, another rise to test 112.22 resistance is still possible, only break below 106.90 support could trigger another downside movement towards 101.00.

USDJPY daily chart