USDJPY extended its upside movement from 107.65 to as high as 109.58, facing the resistance level at 109.70. Near term support is at 109.30, as long as this level holds, the upside movement could be expected to continue and next target would be at 110.00 area. On the downside, a breakdown below 109.30 support would indicate that consolidation for the uptrend is underway, then the pair would find support at around 108.80.
