USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Deeper decline towards 75.57 previous low would likely be seen in a couple of weeks, and uptrend could be expected to resume before breaking below this level.
For long term analysis, USDJPY had formed a cycle bottom at 75.57 on weekly chart. Further rally towards 85.00 would likely be seen over the next several weeks.
