USDJPY is testing 108.58 previous high resistance. Further rise towards 112.00 could be seen if 108.58 resistance gives ways. Initial support is at 106.57, only break down below this level will pull price back to retest 103.76 support.
For long term analysis, USDJPY is in consolidation to long term up trend. Further rise towards 120.00 is still in favor. However, a break of 108.58 level is needed to confirm such case.
