USDJPY Daily Analysis – January 3, 2020

USDJPY extended its downside movement from 109.70 to as low as 107.99, breaking below 108.42 support. Further decline could be expected in a couple of days and next target would be at 107.50 area. Key resistance is at 108.86, only break above this level could trigger another rise towards 110.00.

USDJPY 4-hour chart