USDJPY Daily Analysis – April 8, 2020

USDJPY remains in the uptrend from 106.91, the pullback from 109.38 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 110.50 area. Near term support is at 108.10, only break below this level could trigger another fall towards 105.00.

USDJPY 4-hour chart