USDJPY Daily Analysis – February 13, 2019

USDJPY extended its upside movement from 108.49 to as high as 110.70. Further rise could be expected in a couple of days and next target would be at 111.50 area. Near term support is at 110.30, only a breakdown below this level could bring the price back to 109.90 area.

USDJPY 4-hour chart