USDJPY Weekly Analysis – June 28, 2015

USDJPY is in consolidation of the long term uptrend from 75.57 (Oct 31, 2011). Range trading between 120.00 and 125.85 would likely be seen over the next several weeks. As long as 120.00 support holds, one more rise to 130.00 area is still possible after consolidation.

usdjpy chart