USDJPY moved sideways in a trading range between 111.47 and 112.71. The sideways movement is likely consolidation of the uptrend from 107.31. A break of 112.71 resistance could trigger another rise towards 114.00. Near term support is now at 111.47, only a breakdown below this level would indicate that correction of the uptrend is underway, then the pair would find support at 109.54.
