USDJPY Daily Analysis – June 21, 2019

USDJPY extended its downside movement from 108.80 to as low as 107.12. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Resistance is at 107.50, a break of this level could bring the price back to 107.90 area.

USDJPY 4-hour chart