USDJPY is in up trend. Further rise to 110.00 area to reach next cycle top on daily chart is still possible. Initial support is at 106.55 and key support is at 103.87, only break down below 103.87 level will signal reversal to up trend.
For long term analysis, USDJPY formed a long term cycle bottom at 95.77 on weekly chart. Further rise to 110.00 to reach next cycle top is now in favor.
