USDJPY Daily Analysis – February 6, 2020

USDJPY extended its upside movement from 108.30 to as high as 109.90. Further rise would likely be seen after a minor consolidation and next target would be at 110.28 resistance. Near term support is at 109.55, below this level could bring the price back to 108.60 area.

USDJPY 4-hour chart