FXstreet.com (Barcelona) - The USD/JPY continues consolidating at high levels, during Tuesday's Asian session, the pair has moved between a low of 97.00 and a session high of 97.75.

According to Nicole Elliott senior technical analyst at Mizuho Corporate bank, the pair will, most likely, remain consolidating for the next days: Consolidating around 98.00 and likely to continue to do so again today. Note that the US dollar is very overbought but bullish momentum is terribly high.