USDJPY broke above 109.72 resistance and extended its upside movement from 107.65 to as high as 110.21. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Near term support is at 109.40, only break below this level could bring the price back into 108.70 zone.
![USDJPY 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200114_USDJPY_1.png)