USDJPY Daily Analysis – June 4, 2018

USDJPY remains in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall towards 106.00 is possible after the correction. Near term support is at 109.00, a breakdown below this level could bring the price back towards next support level at 108.11, below this level could signal resumption of the downtrend.

USDJPY 4-hour chart