USDJPY stays in a rising price channel on its 4-hour chart and remains in the short term uptrend from 105.24. As long as the price is in the channel, the upside move could be expected to continue and next target would be at 107.90 resistance. On the downside, a clear break below the channel support would signal completion of the uptrend, then another fall towards 104.00 could be seen.
