USDJPY Daily Analysis – April 14, 2014

USDJPY remains in downtrend from 104.12. Further decline is still possible after a minor consolidation, and next target would be at 100.50 area. Resistance is at 102.15, only break above this level will indicate that the downtrend had completed, then the following upward movement could bring price back to 1.0450 area.

usdjpy chart