USDJPY Daily Analysis – March 1, 2019

USDJPY broke above 111.23 resistance, suggesting that the upside movement from 108.49 has resumed. Further rise could be expected and next target would be at 112.50 area. Near term support is at 111.30, only a breakdown below this level could bring the price back to 110.50 area.

USDJPY 4-hour chart