USDJPY Analysis – September 8, 2013

USDJPY is forming a sideways movement in a range between 93.79 and 103.73. The sideways movement is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). The sideways move could be expected to continue over the next several weeks, and one more rise to 110.00 area to complete the upward movement is possible.

usdjpy daily chart