USDJPY Daily Analysis – July 2, 2018

USDJPY extended its upside movement from 109.36 to as high as 111.06, breaking above 110.90 resistance. Further rise is still possible and next target would be at 111.50 area. Support is now at 110.35, only a breakdown below this level could bring the price back towards 109.50.

USDJPY 4-hour chart