USDJPY Daily Analysis – June 5, 2018

USDJPY extended it upside movement from 108.11 to as high as 109.99. Further rise is still possible after a minor consolidation and next target would be at 110.40 area. Near term support is at 109.35, only a breakdown below this level would suggest that the upside movement is complete, then deeper decline towards 108.11 support could be seen.

USDJPY 4-hour chart