USDJPY Daily Analysis – April 2, 2014

USDJPY broke above 103.76 resistance and reached as high as 103.93. The uptrend from 101.72 could be expected to continue after a minor consolidation, and next target would be at 104.50 area. Support is now at 103.10, only break below this level could signal completion of the uptrend.

usdjpy chart