USDJPY Weekly Analysis – December 4, 2016

USDJPY continued its upward movement from 101.18, and the rise extended to as high as 114.82. Further rise is still possible after a minor consolidation, and next target would be at 120.00 area. Support levels are at 111.35 and 109.00, only break below these levels could signal completion of the uptrend.

usdjpy chart