USDJPY Weekly Analysis – April 12, 2020

USDJPY is in consolidation for the uptrend from 101.17. Range trading between 106.90 and 111.71 would likely be seen in a couple of days. As long as 106.90 support holds, the uptrend could be expected to resume and a break of 112.22 resistance could trigger another rise towards 115.50, only break below 106.90 support could bring the price back to 101.00 zone.

USDJPY daily chart