USDJPY Daily Analysis – August 14, 2014

USDJPY broke above 102.45 resistance, indicating that the downtrend from 103.08 had completed at 101.50 already. Further rise could be expected and next target would be at 103.00 area. Support is at 102.20, only break below this level could trigger another fall to test 100.75 key support.

usdjpy chart