USDJPY Analysis – September 15, 2013

USDJPY stayed in a trading range between 93.79 and 103.73 for several months. As long as 93.79 key support holds, the price action from 103.73 could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011 low), one more rise towards 110.00 is still possible after consolidation.

usdjpy daily chart