USDJPY Daily Analysis – June 2, 2020

USDJPY moved sideways in a trading range between 106.74 and 108.08. As long as 106.74 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, and another rise towards 109.00 could be expected after the consolidation. Key support is at 106.74, a breakdown below this level could take the price to 106.00 area.

USDJPY 4-hour chart