USDJPY Weekly Analysis – November 23, 2014

USDJPY’s upward movement from 101.06 extended to as high as 118.97. The uptrend could be expected to continue after a minor consolidation, and next target would be at 125.00 area. Near term support is at 115.45, only break below this level will indicate that consolidation of the uptrend is underway, then deeper decline to 114.00 area could be seen.

usdjpy chart