USDJPY moved sideways in a trading range between 109.14 and 109.99. As long as 109.14 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.05, further rise to 110.50 area is possible. On the downside, a breakdown below 109.14 support would indicate that the upside movement had completed at 109.99 already, then deeper decline to 108.00 area could be seen.
