USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 110.50 area. Key support is at 107.88, a breakdown below this level would indicate that the upside movement had completed at 109.48 already, then the pair would find next support at around 106.50.
