USDJPY Daily Analysis – September 5, 2016

USDJPY continued its upward movement from 99.52 and the rise extended to as high as 104.31. Further rise could be expected after a minor consolidation, and next target would be at 106.00 area. Support is now at 102.80, only break below this level could indicate that consolidation of the uptrend is underway, then range trading between 102.00 and 104.31 could be seen.

usdjpy chart