USDJPY Weekly Analysis – February 2, 2014

USDJPY’s upward movement from 96.57 had completed at 105.44 already, the pair is now in downtrend. Further decline could be expected and next target would be at 98.00 area. Resistance levels are at 103.60 and 105.44, only break above these levels could trigger another rise towards 110.00.

usdjpy chart