Failing to close below the 98.00 area, USD/JPY looks poised to take on the psychological significant 100.00 handle this week.
The 200 SMA hangs in front of uptrend and could trigger a reversal. If the Yen can punch through the 100.18 level look for 102.00 to be reached. MACD and Stochastics are in precarious territory so this move up may be short lived. If the Yen breaks below 96.55 look for a retest of the 87.17 December lows and beyond.