USDJPY Daily Analysis – August 31, 2016

USDJPY’s upward movement from 99.52 extended to as high as 103.22. Further rise is still possible over the next several days, and next target would be at 106.00 area. Support is at 101.70, only break below this level could trigger another fall to test 98.97 (Jun 24, 2016 low) support.

usdjpy chart