USDJPY Daily Analysis – September 12, 2014

USDJPY’s upward movement from 101.50 extended to as high as 107.29. Further rise could be expected, and next target would be at 108.00 area. Near term support is at 106.60, 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