USDJPY Daily Analysis – September 13, 2017

USDJPY’s bounce from 107.31 extended to as high as 110.29. Further rise to test 110.94 key resistance could be expected after a minor consolidation. As long as the price is below 110.94 resistance, the bounce could be treated as correction of the downtrend from 114.49 (Jul 11 high), another fall towards 106.50 is still possible.

USDJPY 4-hour chart