USDJPY is still trading within a consolidation zone. Japanese Yen little bit strengthened against US dollar at the end of the day yesterday but the strong jobless claims data still weighs on the pair. (USDJPY : 4 hour chart) The pair is currently facing resistance form the falling resistance trend line and support from 101.43 forming a descending triangle which gives a bearish outlook and indicates that the pair might continue to follow this downtrend breaking the key support of the triangle. Yen got it strength when pro-Russian separatists in eastern Ukraine ignored Putin’s call to postpone a referendum on independence. With no data in focus today the pair might continue to trade within the above shown consolidation zone. If the geo-political crisis in Ukraine continue, the demand for safe haven that is Japanese Yen will strengthen.