USDJPY is in downtrend from 85.51, the price action from 76.29 is treated as consolidation of downtrend. Another rise would likely be seen next week, and target would be at 79.00 zone. Support is at 75.96, only break below this level could trigger another fall towards 70.00.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 70.00 could be expected in next several weeks.
