USDJPY Weekly Analysis – April 5, 2015

USDJPY continued its sideways movement in the range between 115.56 and 122.02. Support is at 115.56, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014 low), further rise towards 130.00 is still possible after consolidation.

usdjpy chart