USDJPY Daily Analysis – February 14, 2019

USDJPY’s upside movement from 108.49 extended to as high as 111.05. Further rise could be expected after a minor consolidation and next target would be at 112.00 area. Near term support is at 110.75, a breakdown below this level could bring the price back to 110.00 area.

USDJPY 4-hour chart