USDJPY Weekly Analysis – February 22, 2015

USDJPY continued its sideways movement in a range between 115.56 and 121.84. As long as 115.56 support holds, the price action in the range 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