STRATEGY: Bullish against 97.66, target 102
USDJPY continues to maintain its upward bias, but further progresses depends on how well it can overcome the 100 level. 100.50-100.00 has represented serious resistance over the past several days and only a strong move through that region opens the possibility of out final target of 102.00. Otherwise the pair may need to regroup at 99.31 and 98.48 as the next logical levels of support, before trying yet another assault on the 100 barrier.
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STRATEGY: Bullish against 97.66, target 102