USDJPY Daily Analysis – March 24, 2014

USDJPY is in downtrend from 103.76. Another fall to re-test 101.20 support would likely be seen, a breakdown below this level will signal resumption of the downtrend, then next target would be at 98.00 area. Resistance is at 102.70, only break above this level could trigger another rise to test 103.76 resistance.

usdjpy chart