USDJPY Daily Analysis – April 6, 2020

USDJPY broke above 108.72 resistance, suggesting that the downside movement from 111.71 had completed at 106.91 already. Further rally could be expected in the coming days and next target would be at 110.00 area. Near term support is at 107.75, only break below this level could trigger another fall towards 105.00.

USDJPY 4-hour chart