USDJPY moved sideways in a trading range between 107.50 and 108.25. As long as 107.50 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.73, further rise to 109.00 area is still possible after the consolidation. On the downside, a breakdown below 107.50 support would indicate that the upside movement had completed at 108.25 already, then the pair would find next support level at 107.00, followed by 106.70.
