The USDJPY finally broke the range.

The USDJPY finally broke the 107.00 level support as the 107-108.00 range had been in play for the last couple weeks. Although the 50% retracement level is just below at the 106.45 level, a break of this could lead to a move to the 105.20 support which is the longer term Fibonacci support for the pair. RSI has been wound tight and is looking to break lower as well.