USDJPY Daily Analysis – October 7, 2014

USDJPY stays in the trading range between 108.00 and 110.08. As long as 108.00 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.06 (Jul 10 low), another rise to 113.00 area would likely be seen after consolidation.

usdjpy chart