USDJPY Daily Analysis – August 29, 2019

No changed in our view, USDJPY remains in the downtrend from 109.31, the bounce from 104.44 would possibly be consolidation for the downtrend, further decline to 104.00 area is still possible after the consolidation. Only break above 107.08 resistance could signal completion of the downtrend.

USDJPY 4-hour chart