USDJPY extended its upside movement from 108.11 to as high as 110.26. As long as 109.37 support holds, the upside movement could be expected to continue and next target would be at 110.50 area. On the downside, a breakdown below 109.37 support would indicate that the upside movement had completed at 110.26 already, then further decline towards 108.11 support could be seen.
