USDJPY Daily Analysis – June 3, 2019

USDJPY extended it downside movement from 109.92 to as low as 108.17. Further decline could be expected after a minor consolidation and next target would be at 107.50 area. Near term resistance is at 108.60, a break of this level could bring the price back to 109.00 area.

USDJPY 4-hour chart