USDJPY Daily Analysis – October 9, 2014

USDJPY is in consolidation of the uptrend from 101.06 (Jul 10 low). Range trading between 107.00 and 110.08 would likely be seen over the next several days. As long as 107.00 support holds, the uptrend could be expected to resume, and another rise towards 115.00 is possible after consolidation.

usdjpy chart