USDJPY Daily Analysis – April 17, 2019

USDJPY broke above 112.09 resistance, suggesting that the upside movement from 110.84 has resumed. Further rise could be expected in a couple of days and next target would be at 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