USDJPY Daily Analysis – July 11, 2019

USDJPY’s upside movement from 107.53 had completed at 108.99 already. Deeper decline would likely be seen over the next several days and next target would be at 107.70 area. Near term resistance is at 108.35, a break of this level could trigger another rise towards 109.00.

USDJPY 4-hour chart