USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue, and another rise towards 79.52 would likely be seen in a couple of weeks.
For long term analysis, USDJPY had formed a cycle bottom at 75.57 on weekly chart. Further rally towards 85.00 would likely be seen over the next several weeks.
