USDJPY had formed a cycle top at 85.51 level on daily chart. Pullback to 80.00 area would likely be seen in a couple of weeks. Key resistance is now at 85.51, only break above this level could trigger another rise towards 87.50 area.
For long term analysis, USDJPY is in consolidation of long term downtrend from 124.16 (2007 high). Range trading between 76.40 and 90.00 is expected in next several months.
