USDJPY: USDJPY is still seen struggling to build on its upside suggesting further price extension. This scenario will have to play out to prevent a return to the 95.80 level. Below here will aim at the 95.00 level where a violation will aim at the 94.50 level. Conversely, the risk to this analysis will be a return to the 99.93 level and then the 100.86 level where a break will resume its upside offensive. Further out, resistance resides at the 101.52 level. On the whole, USDJPY is vulnerable to the downside though attempting a recovery.
