USDJPY continued its sideways movement in a range between 75.57 and 79.52. Lengthier consolidation in the range is still possible in a couple of weeks, and another rise towards 79.52 would likely be seen before breaking below 75.57 previous low.
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 months.
