USDJPY currency pair today under the strong bullish pressure after the pair broke above the key resistance level 137.200 (upper boundary of the tight sideways price range inside which the pair has been trading from the middle of June). The breakout of this resistance level 137.200 accelerated the active impulse wave (iii), 3 and (5). Given the overriding daily uptrend and the continuation of the bearish yen sentiment seen across the FX markets lately, USDJPY can then be expected to rise toward the next resistance level 140.000 (target for the completion of the active impulse wave 3).