USDJPY Daily Analysis – November 4, 2014

USDJPY continued its upward movement from 105.32, and the rise extended to as high as 114.21. Further rise could be expected after a minor consolidation, and next target would be at 117.00 area. Support is at 112.50, followed by 112.00, only break below these levels could signal completion of the uptrend.

usdjpy chart