USDJPY Daily Analysis – October 1, 2014

USDJPY continued its upward movement from 101.50, and the rise extended to as high as 110.08. Further rise could be expected, and next target would be at 112.00 area. Near term support is at 109.10, and the key support is at 108.24, only break below these levels could signal completion of the uptrend.

usdjpy chart