USD/JPY Weekly Analysis – Sunday, Jan. 27

USD/JPY’s upside movement from 105.05 extended to as high as 109.99. A further rise is still possible after a minor consolidation and the next target would be at the 112.00 area.

Near term support is at 109.00; a breakdown below this level could bring the price back to 106.00 zone.

USDJPY 4-hour chart

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