USD/JPY continues to pivot around the 107.00 level
On the daily chart, the 107.32 level that was highlighted many a time remains the key level to break above. But as mentioned yesterday, price action will be kept contained unless there is a clear catalyst as there is a large option expiry anchoring the pair near the figure level.
Geopolitical tensions continue to weigh on the pair as we now have the US-Syria embroilment to throw into the mix.
As for levels to look out for, topside remains the 107.32 level while to the downside look out for the 200-hour MA @ 106.70. That has been a key level that has stopped downside moves this week and will act as the key support level for any move below 107.00.
Otherwise, expect things to be anchored around the figure level still until the expiry plays out - barring any headline surprises that is. But do watch out for data risk as we have the US CPI report due at 1230 GMT. Adam has a good preview of that here.