USDJPY Daily Analysis – May 29, 2014

USDJPY broke below 101.70 support, indicating that the uptrend from 100.83 had completed at 102.13 already. Range trading between 101.25 and 102.13 would likely be seen over the next several days. Resistance is at 102.13, only break above this level could trigger another rise to 103.00 area.

usdjpy chart