USDJPY Daily Analysis – April 1, 2019

USDJPY broke above 110.95 resistance, suggesting that the downside movement from 112.13 had completed at 109.70 already. Further rally could be expected in a couple of days and next target would be at 112.00 area. Near term support is at 110.50, only a breakdown below this level could trigger another fall towards 109.00.

USDJPY 4-hour chart