USDJPY stays in a trading range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). Key support is located at 93.79, as long as this level holds, the uptrend could be expected to resume, and 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.
