USDJPY Daily Analysis – June 12, 2019

USDJPY is in consolidation for the downtrend from 112.40. Range trading between 107.81 and 109.00 would likely be seen in a couple of days. As long as 109.00 resistance holds, the downside movement could be expected to resume, further decline towards 107.00 is still possible after the range trading.

USDJPY 4-hour chart