USDJPY Daily Analysis – September 6, 2019

USDJPY extended its upside movement from 104.44 to as high as 107.22, breaking above 107.08 resistance. Further rally is still possible in a couple of days and next target would be at 107.70 area. Near term support is at 106.60, below this level could bring the price back to 106.00 area.

USDJPY 4-hour chart