109 Holding Strong in the USD/JPY

In the morning preview I had a look at the USD/JPY and suggested that 109 was a good level to play off. It's been holding up reguarly and if we get a bit of USD strength, it should bounce nicely. There are some bullish candles that have formed over the course of the session – albeit in muted trade – however there's still an opportunity for more upside as Europe and the US enter.