USDJPY Daily Analysis – December 3, 2019

USDJPY broke below 109.33 support and extended its downside movement from 109.72 to as low as 108.92. Further decline could be expected in a couple of days and next target would be at 108.60 area. Near term resistance is at 109.20, above this level could trigger another rise towards 110.00.

USDJPY 4-hour chart