USDJPY Daily Analysis – March 31, 2020

USDJPY broke above 108.00 resistance, suggesting that the downside movement from 111.71 had completed at 107.12 already. Further rally would likely be seen in the coming days and next target would be at 110.00 area. Support is at 107.12, only break below this level could trigger another fall towards 106.00.

USDJPY 4-hour chart