USDJPY currency pair recently reversed up from the support zone lying between the key support level 109.700 (low of the previous corrections (iv) and 2), lower daily Bollinger Band, 50-day moving average and the 50% Fibonacci correction of the sharp upward impulse wave 1 from April. Given the clear daily uptrend and the significant yen bearish sentiment as seen across the currency markets today – USDJPY currency pair can be expected to rise further toward the next resistance level 110.700.