During the first day this week USDJPY was holding bravely above 108 and refusing to fall and lose all hard advance did achieve during last week, and today we have a Holiday in Japan.
In case USD got weakened today during Europe and NY market, USDJPY might be waiting silently to benefit from dollar weakness and jump above 109.4 and might also reach 110 psycho target. On the Other hand in case USD got a wave of strength today we might see USDJPY diving toward 107
Provided by Fxhighway