The USDJPY had a bearish momentum last week, bottomed at 102.55 but gapped higher earlier today opened at 104.07 and hit 104.47. The bias is bullish in nearest term testing 105.00 – 105.50 area. Immediate support is seen around 103.70. A clear break below that area could lead price to neutral zone in nearest term testing 103.30/00 area. Overall I remain bearish but I will stand aside for now.