FXstreet.com (Barcelona) - The USD/JPY has remained rather steady against the Yen, consolidating at the highest levels of the last four weeks, despite poor corporate news in Japan, and news about troubled Russian Banks.

The USD/JPY has been trading in a range between 90.88 and 97.77 for the last 24 hours, with 91.00 level working as support. Nicole Elliot, senior technical analyst at Mizuho Corporate Bank expects range trading for today up to 92.50: Re-drawing the upper line, which now lies in the middle of in a fairly thick Ichimoku 'cloud', suggests more work between 90.87 and 92.50 again today. As we forecast at the beginning of the year, we continue to feel that there will not be a clear trend to the USD/JPY and that we shall face an extended period of difficult broadly sideways moves in a range that is yet to be established.