USDJPY’s upward movement from 115.56 extended to as high as 120.82. Further rise to test 131.84 resistance would likely be seen, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the following upward movement could bring price to 125.00 area. Support is at 118.80, only break below this level could bring price back to 116.50 area.
