USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the fall from 103.73 is treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at 98.00 – 99.00 area. Resistance is at 103.73, only break above this level could trigger another rise towards 110.00.
For long term analysis, USDJPY is in uptrend from 77.14. Further rise towards 110.00 is possible over the next several weeks.
