USDJPY: With a consolidation of its recent strength seen, a return the 99.94 level is required to resume its broader upside. Further out, resistance resides at 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. Support comes in at the 95.00 level where a violation will target the 94.00 level and then the 93.00 level. All in all, USDJPY remains biased to the upside medium term though vulnerable.
