USDJPY Daily Analysis – February 27, 2014

USDJPY remains in uptrend from 100.75. The price action from 102.70 is likely consolidation of the uptrend. Another rise would likely be seen after consolidation, and the target would be at 103.50 area. Key support is at 101.35, only break below this level will signal completion of the uptrend, then the following downward movement could bring price back to 98.00 zone.

usdjpy chart