USDJPY Daily Analysis – September 18, 2017

USDJPY is now in uptrend from 107.31. Further rise could be expected in the coming days and next target would be at 112.50 area. Near term support is at 109.54, only a breakdown below this level would indicate that correction for the uptrend is underway, then deeper decline to 108.55 area could be seen.

USDJPY 4-hour chart