USDJPY Weekly Analysis – February 15, 2015

USDJPY moved sideways in the trading range between 115.56 and 121.84. The sideways movement could be expected to continue over the next several weeks. As long as 115.56 support holds, the sideways movement could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014 low), another rise towards 130.00 is still possible after consolidation.

usdjpy chart