USDJPY Analysis – June 19, 2010

No changed in our view, USDJPY is forming a sideways consolidation in a range between 88.14 and 94.98. Another rise towards 94.98 previous high would more likely be seen before breaking below 88.14 key support.

For long term analysis, USDJPY is in bullish movement from 84.82, as long as 88.14 support holds, another rise towards 100.00 is still possible in next several weeks.

usdjpy daily chart