Good day traders!

Looking at the usd/jpy on the weekly time frame, we see last resistance at 94.0 being broken and which also happens to be the 38.2% Fibonacci resistance.
Right now, the pair is seen aiming towards next resistance level at 97.76, after which a rise towards 100, the 50% fibonacci level would not be too far off.

Currently trading at 96.425, we are awaiting for the UK market to open here in Singapore, now at 1.42pm.

Happy trading.
Chief Currency Strategist
~ Ardy