USDJPY’s upward movement from 77.14 extends to as high as 96.70. Further rise is still possible after consolidation, and next target would be at 98.50 area. Support is at 93.00, only break below this level could signal completion of the uptrend.
For long term analysis, USDJPY had formed a cycle bottom at 77.14 on weekly chart. Further rise towards 100.00 is possible over the next several weeks.
