USDJPY Daily Analysis – October 4, 2019

USDJPY extended its downside movement from 108.47 to as low as 106.48, breaking below 106.95 support. Further decline could be expected after a minor consolidation and next target would be at 106.00 area. Near term resistance is at 107.30, above this level could trigger another rise towards 108.50.

USDJPY 4-hour chart