USDJPY traded in a narrow range between 75.96 and 77.85 for several weeks. Another fall to test 75.96 previous low support could be expected next week, a breakdown below this level will signal resumption of the downtrend from 85.51, then next target would be at 70.00.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 70.00 could be expected after consolidation.
