USDJPY Daily Analysis – February 20, 2017

USDJPY’s downward movement from 114.95 extended to as low as 112.61. Further decline to test 111.59 support would likely be seen in a couple of days, a breakdown below this level will signal resumption of the longer term downtrend from 118.66 (Dec 15, 2016 high), then next target would be at 110.00 zone.

usdjpy chart