No changed in our view, USDJPY remains in downtrend from 85.51, and the price action from 76.29 is treated as consolidation of downtrend. One more rise is expected next week, and target would be at 79.00 zone. Key support is at 75.96, only break below this level could signal resumption of downtrend.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 75.00 could be expected after consolidation.
