USDJPY continues its sideways movement in a trading range between 93.79 and 103.73. As long as 93.79 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011 low), one more rise towards 110.00 is still possible. However, 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.
