The pair is now threatening its minor resistance at the 83.08 level after it was seen strengthening in early trading today. On a continued hold on its present bull pressure, USDJPY should push further towards the 83.65 level, its Jan 07'2011 high. A decisive break of there will open the door for further gains towards the 84.50 and subsequently the 85.92 level, its Sept 12'10 high. Price hesitation is likely there but if that level fails and a break above it occurs, we should see further strength targeting its 50 ema at 87.54. Alternatively, the risk to analysis will be a return below the 81.84 level which will turn risk towards its 2010/11 lows at 80.90/23. Below that zone will resume its broader weakness towards its 1995 low at 79.75 and next the 78.00 level. All in all, though the pair remains vulnerable to the downside long-term, it now faces consolidation price activities.

/