Since 9/16, the USDJPY has ranged between 103.50 and 108, most recently testing 103.50 today. The USDJPY has rebounded sharply from today’s low, keeping range conditions intact. There is potential resistance in the 107 area; which is the 9/25 and 9/29 highs. The 21 day SMA is at 106.55. The 200 day SMA is sloping down (barely), although price is now above the long term moving average (106).