Technical analysis of USD/JPY

USD/JPY:

The chart shows the movement of USD/JPY in the four-hour (H4) chart.

After trading around the resistance level of 137.60, USD/JPY quotes declined, indicating that the protracted correction is complete.

The next target price level that is under consideration is £ 134.50 (per $1), with a slight upward correction to £ 135.50.

Good luck!