We saw fantastic Yen weakness yesterday with Nikkei moving up. Keep an eye on 103, just ahead. Below is a technical analysis for your consideration.

USDJPY Daily

Approaching resistance at MR1

USDJPY H4

Price has just broken through WR2

USDJPY H1

Price has just broken through resistance though has not broken 103. Take note of the 21 and 55. I have also highlighted the fib zone. Wait for a pullback to role reversal or a lower high for an entry. Should that fail keep an eye on lower support.

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