USDJPY broke above 108.86 resistance, suggesting that the downtrend from 109.70 had completed at 107.65 already. Further rise could be expected after a minor consolidation and next target would be at 109.50 area. Near term support is at 108.90, below this level could bring the price back into 108.30 zone.
![USDJPY 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200109_USDJPY_1.png)