Japanese Yen 120.00 Remains Crowded

USDJPY - The USDJPY slipped to former resistance (now support) from the 4/30 high at 119.75 this morning.

A support line from the 4/25 and 5/1 lows keeps us looking higher for now. A break of this support line would be bearish and give scope to additional erosion to the 119.00 figure (5/1 low at 119.07).