USDJPY is facing 76.29 support, a breakdown below this level could signal resumption of downtrend from 85.51, then next target would be at 73.00 area. Initial resistance is at 77.20, a break above this level could bring price back to range trading between 76.29 and 80.23.
For long term analysis, USDJPY is in consolidation of long term downtrend from 124.16 (2007 high). Range trading between 76.29 and 90.00 would likely be seen in next several months.
