The JPY has been lagging today, and that could be enough for buyers to take it to the next level

From the daily chart, we can see that the pair has been stuck in a bit of a wedge over the last three months. It's been a case of "will it or won't it" break away from here.

The EUR is higher against the USD and JPY today, and this is a pair to watch out for as the JPY has been the weakest currency so far today.

There's still some room before we hit around the 131.30-35 levels which the resistance line is at - and surely there will be sellers lurking so be mindful.