USDJPY: With continued upside offensive seen, further bullishness is likely in the days ahead. It looks to target further upside towards the 103.00 level where a breach will aim at further upside towards the 103.50 level. Further out, resistance resides at the 104.00 level. Its daily RSI is bullish and pointing higher supporting further upside. On the downside, initial support lies at the 101.25 level where a cut through here will create scope for more downside towards the 99.93 level. A reversal of roles as support is expected to occur. Below here if seen will aim at the 98.00 level followed by the 96.99 level. On the whole, USDJPY looks to extend further upside.
