USDJPY breaks above 99.67 previous high and the uptrend from 87.12 has resumed. Further rise could be seen to 105.00 zone in a couple of weeks. Near term support is at the rising trend line from 87.12 to 93.53 now at 95.50, and key support is at 93.53, below this level will indicate that the rise from 87.12 has completed.
For long term analysis, USDJPY formed a cycle bottom at 87.12 on weekly chart. Further rise to 105.00 zone to reach the next cycle top is expected.
