USDJPY Daily Analysis – January 14, 2020

USDJPY broke above 109.72 resistance and extended its upside movement from 107.65 to as high as 110.21. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Near term support is at 109.40, only break below this level could bring the price back into 108.70 zone.

USDJPY 4-hour chart