After a sideways consolidation, USDJPY broke above 99.94 resistance and reaches as high as 101.98, suggesting that the uptrend from 77.14 has resumed. Further rise is still possible next week, and next target would be at 105.00 area. Support is at 92.50, only break below this level could signal completion of the uptrend.
For long term analysis, USDJPY is in uptrend from 77.14. Further rise towards 105.00 is possible over the next several weeks.
