USDJPY Daily Analysis – January 3, 2017

No changed in our view, USDJPY remains in uptrend from 101.18 (Nov 09, 2016 low), the fall from 118.66 is likely consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the uptrend could be expected to resume, and further rise to 120.00 area is still possible.

usdjpy chart