USDJPY Daily Analysis – April 23, 2018

USDJPY is facing 107.90 resistance again. A breakout of this level could trigger further upside movement towards 109.00. The key support is now at 106.88, only a breakdown below this level would suggest that the upside movement from 104.63 is complete, then the pair would find next support level at 105.65.

USDJPY 4-hour chart