USDJPY Daily Analysis – September 11, 2014

USDJPY remains in uptrend from 101.50, and the rise extended to as high as 106.88. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at 106.00, and the key support is located at the rising trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdjpy chart