Japanese Yen Looking Weak (USDJPY Strong)

The USDJPY has held above the 20 day SMA (and the 10 day on a daily closing basis). Long lower daily wicks indicate strong buying interest at 119.50.

The next level of resistance is the 5/4 high at 120.46 and a rally through there exposes the resistance line drawn off of the 3/12 and 4/16 highs near 121.00. There is likely an abundance of offers near that line. 119.52 is critical support.