USDJPY currency pair continues to rise strongly after the earlier breakout of the key resistance level 115.350 (which stopped the previous sharp upward impulse wave 1 at the end of November). The breakout of the resistance level 115.350 accelerated the active short-term impulse wave 3 – which belongs to the higher order impulse wave (3) from August. Given the strength of the active uptrend and the continuation of the bullish US dollar sentiment seen across the currency markets today – USDJPY currency pair can be expected to rise further toward the next resistance level 116.500.