USDJPY’s upward movement from 101.18 extended to as high as 106.94. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at 104.90, as long as this level holds, the uptrend will continue.
![usdjpy chart](https://www.forexcycle.com/wp-content/uploads/2016/20161111_USDJPY_1.png)