USDJPY stays in a trading range between 101.60 and 102.35. As long as 102.35 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 102.79, another fall to test 100.82 support is possible after consolidation. On the upside, a break above 102.35 resistance will signal resumption of the longer term uptrend from 100.82 (May 21 low), then further rise to 103.50 could be seen.
