USDJPY Weekly Analysis – Sunday, Sept. 30

USDJPY extended its upside movement from 104.63 to as high as 113.71. A further rise could be expected in a couple of weeks and the next target would be at 115.50 resistance.

Near term support is at 112.50, only a breakdown below this would suggest that lengthier consolidation for the uptrend is needed, then the pair would find support at around 110.50.

USDJPY daily chart

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