USDJPY Weekly Analysis – May 17, 2015

USDJPY is forming a sideways movement in a range between 115.56 and 122.02. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011), one more rise to 130.00 area could be expected after the sideways move.

usdjpy chart