USDJPY had formed a cycle top at 82.22 on daily chart. Further decline to test 79.58 support would likely be seen next week, a breakdown below this level will confirm that the downtrend from 85.51 has resumed, then further fall towards 78.00 could be seen.
For long term analysis, USDJPY is in consolidation of long term downtrend from 124.16 (2007 high). Range trading between 76.40 and 90.00 is expected in next several months.
