USDJPY Daily Analysis – January 4, 2018

USDJPY failed to break below 112.03 support, suggesting that lengthier sideways movement in a range between 112.03 and 113.75 is underway. Further rally towards 113.75 resistance would likely be seen in the coming days. Only a breakdown below 112.03 support could trigger further downside movement towards 110.84 support.

USDJPY 4-hour chart