Being contained by 102.58 previous low support, USDJPY rebounded from 102.73 and formed a short term cycle bottom on 4-hour chart. Further rise to test 105.44 is expected next week, a break of this level will indicate that the sideways consolidation from 105.70 (May 2 high) has completed and up trend resumes.
http://blog.forexcycle.com/770/forex...s-may-23-2008/