USDJPY Daily Analysis – March 12, 2018

USDJPY extended its upside movement from 105.24 to as high as 107.05. Further rise towards 107.90 resistance is possible in the coming days. Support level is at 106.00, only break below this level could bring price back to test 105.24 support. Below this level would aim 104.00 area.

USDJPY 4-hour chart