USDJPY Daily Analysis – March 3, 2020

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.22. As long as the trend line resistance holds, the downside movement could be expected to continue and a breakdown below 107.36 support could trigger further downside movement towards 106.50. Near term resistance is at 108.55, a break of this level could bring the price back towards the trend line.

USDJPY 4-hour chart