USDJPY currency pair under the bullish pressure after the price broke the resistance zone lying between the resistance level 109.000 (former low of wave A form last month) and the 38.2% Fibonacci correction of the previous sharp downward ABC correction (2) from the end of March – as can be seen from the daily USDJPY chart below). Given the continued bearish yen sentiment seen across the currency markets today – USDJPY currency pair can be expected to rise further toward the next resistance level 110.000 (top of the previous correction B from the start of April).