USDJPY Daily Analysis – April 13, 2020

USDJPY’s fall from 109.38 extended to as low as 107.99. However, the fall is likely corrective consolidation for the uptrend from 106.91, another rise towards 111.00 could be expected after the consolidation and a break of 108.60 resistance could signal resumption of the uptrend.

USDJPY 4-hour chart