USDJPY broke above the downtrend line from 94.98 to 85.92, suggesting that a cycle bottom has been formed at 80.30 level on daily chart, and lengthier consolidation of downtrend from 94.98 is underway. Further rally is still possible next week and target would be at 84.00 area. Key support is now at 80.30, only break below this level could indicate that the downtrend has resumed.
For long term analysis, USDJPY remains in downtrend from 94.98, further decline towards 79.75 (1995 low) would more likely be seen.
