USD/JPY Analysis (September 25)

The pair continues to consolidate on top of the key 76,00 level despite the strong Dollar which confirms a relative strengh of the Yen.
We now need to see a break above 78,00 to confirm the current material base. It has been a few weeks we have been waiting for a confirmation of the bounce.
We recommend to stay on the sidelines for the time being considering that a break below 76,00 would open the door to further losses on the pair.