USDJPY Weekly Analysis – September 25, 2016

USDJPY continued its sideways movement in a range between 98.97 and 107.48. As long as 107.48 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 123.75 (Nov 18, 2015 high), and another fall towards 90.00 is possible after consolidation.

usdjpy chart