USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. The sideways movement is likely consolidation of the downtrend from 114.49 (Jul 11 high). As long as 110.94 resistance holds, another fall to test 108.13 (Apr 17 low) support is still possible. Only break above 110.94 resistance could bring price back towards 115.50.
