USDJPY Daily Analysis – February 17, 2020

USDJPY continued its sideways movement in a trading range between 109.53 and 110.13. The sideways movement is likely consolidation for the uptrend from 108.30, further rise to 110.50 area is possible after the consolidation. Support is at 109.53, a breakdown below this level could bring the price back to 109.00.