USDJPY Weekly Analysis – January 8, 2017

No changed in our view, USDJPY remains in uptrend from 101.18. As long as 114.73 support holds, the fall from 118.66 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 123.00 area. Only break below 114.73 support could signal completion of the uptrend.

usdjpy chart