USDJPY Daily Analysis – June 14, 2019

USDJPY moved sideways in a trading range between 107.81 and 108.80. The sideways movement is likely consolidation for the downtrend from 112.40 (Apr 24 high). Further decline could be expected after the consolidation and next target would be at 107.00 area. Only break above 108.80 could signal completion of the downtrend.

USDJPY 4-hour chart