USDJPY Daily Analysis – April 5, 2019

USDJPY’s upside movement from 109.70 extended to as high as 111.67. As long as the price is above the bullish trend line on the 4-hour chart, further rise could be expected and next target would be at 112.00 area. Key support is at 111.20, only a breakdown below this level could bring the price back to 110.00 area.

USDJPY 4-hour chart