USDJPY Analysis – September 21, 2013

USDJPY continues its sideways movement in a range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). As long as 93.79 key support holds, the sideways move could be expected to continue over the next several weeks.

usdjpy daily chart