USDJPY broke above 107.90 resistance and extended its upside movement from 104.63 to as high as 109.53, suggesting that the downtrend from 114.73 is complete. Further rise could be expected after a minor consolidation and next target would be at 112.00 area. Support is at the rising trend line on the daily chart, only a clear break below the trend line support could signal completion of the uptrend.
