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USD/JPY is still bounded in tight range last week above 75.94 level and continue its sideway consolidation. There is no indication for trend reversal and USD/JPY is still trading below resistance trend, thus our vision for next week bias is neutral. We’ll stay bearish as long as 80.break isn’t in presence. On the downside, below 76.41 minor support t will flip bias back to the downside for 75.94, such decline will suggests that long term favor is still for down trend. This down trend could extend further if price break the 75.94 low and thus price is heading for new all time low. On the upside, break above 76.67 will target a test of 80.25 high. If price extend further upside this will signal that we have a rebound started from 75.95
