USDJPY continued its sideways movement in a trading range between 107.76 and 109.08. As long as 107.76 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.05, a break of 109.08 resistance could trigger another rise towards 110.40. On the downside, a breakdown below 107.76 support would indicate that the upside movement had completed at 109.08 already, then deeper decline to 106.50 area could be seen
