The USDJPY has entered the resistance zone defined by Fibonacci retracements from 98 to 101. Longer term structurally, I still view strength as corrective...this will not change unless the advance from 87.09 turns into an impulse. Expect at least a short term top (week +) in the 98.19-101 zone. I’ll look to position short in this zone for a drop to 95 once there are signs of weakness.
