USDJPY Weekly Analysis – November 16, 2014

USDJPY continued its upward movement from 101.06, and the rise extended to as high as 116.82. Further rise could be expected after a minor consolidation, and next target would be at 120.00 area. Support is at 113.50, only break below this level will indicate that consolidation of the uptrend is underway, then the pair will find support around 112.00.

usdjpy chart