USDJPY’s upward movement from 118.88 extended to as high as 125.85. Further rise could be expected after a minor consolidation, and next target would be at 130.00 area. Near term support is at 123.00, as long as this level holds, the uptrend will continue.
![usdjpy chart](https://www.forexcycle.com/wp-content/uploads/2015/20150607_USDJPY_1.png)