USDJPY broke below 75.96 previous low and reached 75.81 level. Further fall is still possible next week, and next target would be at 74.00-75.00 area. Resistance is at 76.50, a break above this level will indicate that lengthier sideways movement is underway, and the trading range would be between 75.81 and 77.85.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 70.00 could be expected after consolidation.
