From a technical and trading perspective, USDJPY From a technical and trading perspective, the close back towards 109 would suggest a false break and return to the well trodden range 108/109. Yesterday the pair printed a six month high only to close back at the lows of the day, printing a bearish key reversal pattern and flipping the daily chart bearish as per the near term volume weighted average price. Follow through selling today will open a move to test bids back to range support at 108.