USDJPY Weekly Analysis – June 21, 2015

USDJPY remains in uptrend from 75.57 (Oct 31, 2011), the fall from 125.85 is likely consolidation of the uptrend. Range trading between 120.00 and 125.85 is possible over the next several weeks. As long as 120.00 support holds, the uptrend could be expected to resume, and one more rise to 130.00 area is still possible after consolidation.

usdjpy chart