USDJPY continues to rise inside the short-term impulse wave 3, which started earlier from the support area lying between the pivotal support level 108.25 (which has been reversing the price from the middle of October), lower daily Bollinger Band and 38.2% Fibonacci correction of the previous sharp impulse wave 1. Given the strengthening bearish Yen sentiment seen across the markets today – USDJPY is likely to remain under the bullish pressure and to rise toward the next key resistance level 109.500 (which stopped the previous impulse wave 1).