USDJPY Daily Analysis – March 5, 2018

USDJPY broke below 105.54 support, suggesting that the downtrend from 113.75 (Dec 12, 2017 low) has resumed. Further decline could be expected and next target would be at 103.00 area. Near term resistance is at 106.00, as long as this level holds, the downtrend will continue.

USDJPY 4-hour chart