USDJPY Daily Analysis – June 12, 2017

USDJPY continued its short term upward movement from 109.11 and the rise extended to as high as 110.81. Further rise could be expected and next target would be at around 111.30. Support levels are at 109.75 and 109.11, only break below these levels could trigger another fall towards 108.13 (Apr 17 low).

USDJPY 4-hour chart