USDJPY Daily Analysis – March 10, 2020

USDJPY is in consolidation for the downtrend from 112.22. Range trading between 101.17 and 105.00 would likely be seen in a couple of days. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to resume and further decline to 100.00 area is still possible.

USDJPY 4-hour chart