USDJPY Daily Analysis – December 12, 2014

USDJPY failed to break below 117.23, indicating that the pair remains in uptrend from 105.32 (Oct 15 low), and the fall from 121.84 could be treated as consolidation of the uptrend. Sideways movement in a range between 117.23 and 121.84 would likely be seen over the next several days.

usdjpy chart