USDJPY Daily Analysis – June 13, 2018

USDJPY extended its upside movement from 108.11 to as high as 110.61. Further rise is still possible after a minor consolidation and next target would be at 111.00 area. Near term support is at 110.10, a breakdown below this level could bring the price back towards the bullish trend line on the 4-hour chart.

USDJPY 4-hour chart