USDJPY Daily Analysis – June 8, 2020

USDJPY’s upside movement from 107.07 extended to as high as 109.84. Further rise would likely be seen after a minor consolidation and next target would be at 110.50 area. Near term support is at 108.60, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDJPY 4-hour chart