USDJPY Analysis – March 26, 2011

USDJPY remains in long term downtrend from 124.16 (2007 high), and the bounce from 76.40 is treated as consolidation of downtrend. Another fall is expected next week, and target would be at 78.00 area.

For long term analysis, USDJPY is in downtrend, further decline is expected in next several weeks, and target would be at 70.00 zone.

usdjpy daily chart