The USDJPY remains below the 50% retracement level of the longer term move from the June 22nd, 2007 high of 124.13 and the March 17th 2008 low of 95.73.  That level comes in at 109.93. 

Yesterday the high price was 109.87.  In NY and London, the high has been 109.67.  Expect good resistance at the level but do not fade a break higher.  On the downside, the pair has support at 109.05 and 108.90