USDJPY Daily Analysis – June 4, 2019

USDJPY’s downside movement from 109.92 extended to as low as 107.85. Further decline is still possible in a couple of days and next target would be at 107.00 area. Near term resistance is at 108.45, a break of this level could bring the price back to 109.00 zone.

USDJPY 4-hour chart