The USDJPY market remains caught in sideways congestion. The minor congestion holds a friendly bias, but look for a breakout over last week’s high to launch a drive to 106.55. A drop under 105.47 is negative. A close under 105.25 projects to 104.43.

R2          106.49
R1          106.21

 
S1          105.75
S2          105.47