USDJPY Daily Analysis – April 16, 2019

USDJPY remains in the uptrend from 110.84, further rise could be expected after a minor consolidation, and a break of 112.09 could take the price to 113.00 area. Near term support is at 111.80, a breakdown below this level could bring the price back to 111.20 area.

USDJPY 4-hour chart