USDJPY Weekly Analysis – April 3, 2016

USDJPY remains in downtrend from 123.75, the sideways movement in a range between 110.66 and 114.87 is likely consolidation of the downtrend. Resistance is at 114.87, as long as this level holds, the downtrend could be expected to resume, and further decline to 105.00 area is still possible.

usdjpy chart