USDJPY Daily Analysis – September 18, 2014

After consolidation, USDJPY continued its upward movement from 101.50, and the rise extended to as high as 108.67. Further rise could be expected after a minor consolidation, and next target would be at 110.00 area. Near term support is located at the upward trend line on 4-hour chart, and the key support is at 106.82, only break below this level could signal completion of the uptrend.

usdjpy chart