USDJPY Daily Analysis – September 12, 2016

USDJPY’s rise from 101.20 extended to as high as 103.05. Further rise to test 104.31 resistance is possible in a couple of days. A break of this level will signal resumption of the uptrend from 99.52, then next target would be at 106.30 area. Near term support is at 101.80, only break below this level could bring price back to test 99.52 key support.

usdjpy chart