USDJPY Daily Analysis – May 20, 2014

USDJPY’s downward movement from 102.36 extended to as low as 101.10. Further decline would likely be seen over the next several days, and next target would be at 100.00 area. Resistance is at 101.65, only break above this level could signal completion of the downtrend, then the pair will find resistance around 102.00.

usdjpy chart