Moves above the 100 and 200 hour MA and scoots higher.
The USDJPY as joined more in the dollar buying over the last few minutes. A break above the 200 and 100 hour MA has helped (stops triggered and the bias is more bullish). The pair also moved above the 50% of the days trading range in the process. Trend line resistance and the 61.8% is the next targets for the pair (up to 104.07 area).
This pair has seen a lot of up and down chop over the near term. Sentiment can change in an instant.