USD/JPY price action is a showing sideways consolidation pattern. Support on the downside is located at 78.00 level, which is a crucially important long term support . Additional support is located at 77.12 level followed by 75.60. Alternatively, resistance on the upside is located at 79.63 level which is the 200 Day , followed by 80.61 and 81.66. Stochastics is currently at the oversold level.