USDJPY Daily Analysis – December 29, 2017

USDJPY’s fall from 113.63 extended to as low as 112.66. Further decline would likely be seen and next target would be at 112.03. Below this level could take price to next support level at 110.84. Near term resistance is at 113.75, only break above this level could trigger another rise towards 115.50 resistance.

USDJPY 4-hour chart