USDJPY: With a rally seeing the pair strengthening further during Friday trading session, further upside offensive looks to target the 99.94 level. Above here is required to resume its medium term uptrend towards the 100.50 level. We may see a pullback from here but if broken, further upside could follow towards the 101.00 level and then the 101.50 level. Its daily RSI is bullish and pointing higher suggesting further upside. Support comes in at the 97.63 level where a violation will target the 96.00 level and then the 95.00 level. All in all, USDJPY remains biased to the upside medium term with eyes on the 99.93 level.
