USDJPY Daily Analysis – July 7, 2017

USDJPY continued its upside movement and the rise extended to as high as 113.83. Near term support is at 112.74, followed by the bottom trend line of the price channel on its 4-hour chart now at around 113.60. As long as these levels hold, the uptrend could be expected to continue, and next target would be at 115.00 area.

USDJPY 4-hour chart