USDJPY Daily Analysis – January 23, 2020

USDJPY broke below 109.78 support, suggesting that the upside movement from 107.65 had completed at 110.28 already. Further decline could be expected in the coming days and next target would be at 109.00 area. Near term resistance is at 110.10, above this level could trigger another rise towards 110.80.

USDJPY 4-hour chart