USDJPY Daily Analysis – December 28, 2017

USDJPY failed to break above 113.75 resistance and pulled back from 113.63, suggesting that lengthier sideways movement in a range between 112.03 and 113.75 is underway. Deeper decline to 112.40 area would likely be seen in the coming days. Resistance is at 113.75, only break above this level could trigger another rise towards 115.50 resistance.

USDJPY 4-hour chart