USDJPY stayed in a trading range between 93.79 and 103.73 for several months. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low), as long as 93.79 key support holds, the uptrend could be expected to resume, and one more rise to 110.00 are is still possible. On the downside, a breakdown below 93.79 support will indicate that the uptrend from 75.57 had completed at 103.73 already, then the following downward movement could bring price back to 80.00 zone.
