From a technical and trading perspective, USDJPY has tested symmetry swing support sited at 107.75 this area also retains a cluster of S1 supports. The level attracted significant buying interest, resulting in the potential for key outside reversal candle being printed at tonight’s New York close. This ‘long tail’ pattern encourages a bullish posture, as price pierces 108.65 in a sustained fashion bulls will look to challenge offers and stops above 109, a close above this level would further support the bullish thesis targeting an equidistant swing objective sited at 110.50