USDJPY Daily Analysis – April 28, 2014

USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96. Deeper decline would likely be seen in a couple of days, and next target would be at 101.50 area. Resistance is now at 102.72, only break above this level could trigger another rise towards 104.50.

usdjpy chart