USDJPY Weekly Analysis – October 9, 2016

USDJPY continued its sideways movement in a range between 98.97 and 107.48. Key resistance is at 107.48, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 123.75 (Nov 18, 2015 high), another fall towards 90.00 could be expected after consolidation.

usdjpy chart