USDJPY moved sideways in a trading range between 111.47 and 113.43. Key support is at 111.47, as long as the price is above this level, the sideways move in the range could be treated as consolidation of the uptrend from 107.31 and another rise towards 115.50 is still possible after the consolidation. Near term resistance is at 112.60, followed by 113.43, above these levels could signal resumption of the uptrend. On the downside, if the 111.47 support gives way, the following correction pullback could take price back into 109.50 zone.
