USDJPY Daily Analysis – April 5, 2017

USDJPY is facing 110.11 support, a breakdown below this level will indicate that the downtrend from 115.50 has resumed, then next target would be at 108.00 area. On the other side, as long as 110.11 support holds, the sideways movement in a range between 110.11 and 112.19 could be expected to continue.

USDJPY chart