USDJPY Daily Analysis – December 31, 2018

USDJPY broke below 110.26 support, suggesting that the downtrend from 113.70 has resumed. Further decline could be expected in the coming days and next target would be at 109.00 area. Key resistance is now at 111.45, only a break of this level could signal completion of the downtrend.

USDJPY 4-hour chart