USDJPY remains in the short term uptrend from 106.95. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue, further rise towards 108.47 resistance is still possible. On the downside, a clear break below the channel support would indicate that the downtrend from 108.47 has resumed, then next target would be at 106.95, followed by 106.00.
