USDJPY targets the 109.10 resistance area as it look for price extension. On the upside, resistance comes in at 109.50 level. Above this level will turn attention to the 110.00 level. Further out, we expect a possible move towards the 110.50 level. A cut through here will open the door for more gain towards the 111.00. On the downside, support comes in at the 108.50 level where a break will target the 108.00 level. Below that level will turn focus to the 107.50 level and then lower towards the 107.00 level. On the whole, USDJPY faces further upside threats in the days ahead.
