USDJPY Daily Analysis – March 6, 2020

USDJPY extended its downside movement from 112.22 to as low as 105.96. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 105.00 area. Near term resistance is at 106.80, above this level could bring the price back to 107.50 area.

USDJPY 4-hour chart