USDJPY stays in a trading range between 101.06 and 101.78. Resistance is at 101.78, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test 100.75 key support is still possible after consolidation. On the upside, a break above 101.78 resistance will signal completion of the downtrend, then the target would be at 103.50 area.
