USDJPY Daily Analysis – April 3, 2017

USDJPY broke above 111.57 resistance, indicating that the downward movement from 115.50 had completed at 110.11 already. Further rally would likely be seen over the next several days, and next target would be at 114.00 area. Support is at 110.11, only break below this level will indicate that the pair remains in the downtrend, then the following downward movement could bring price to 108.00 zone.

USDJPY chart