USDJPY Daily Analysis – August 21, 2017

USDJPY broke below 108.73 support, indicating that the downtrend from 114.49 has resumed. Further decline to test 108.13 (Apr 17 low) support is possible in a couple of days. Key resistance is at 110.94, only break above this level could trigger another rise towards 115.50.

USDJPY 4-hour chart