USDJPY continued its sideways movement in a trading range between 112.21 and 113.43. Near term support is at 112.21, as long as the price is above this level, the sideways move could be treated as consolidation of the uptrend from 107.31, and a breakout of 113.43 resistance could trigger another rise into 114.00 zone. On the downside, a breakdown below 112.21 support could take price back towards 111.47. Breakthrough this level would indicate that the uptrend from 107.31 had completed at 113.43 already, then the following correction pullback could take price to 109.50 area.
