USDJPY extended its upside movement from 109.77 to as high as 111.82. Near term support is at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 112.50 area. Key support is at 110.93, only a breakdown below this level could bring the price back towards 109.77 previous low.
