The USD/JPY is ranging. We will see the range until it is broken. At this point volatility in the pair significantly dropped so we can see only the breakout levels.
107.85 is the breakout point to the upside. A close above will give the price a bullish momentum so, 107.90 is next will 108.36 as the final target. A close below 107.30 and the price is going to retest 107.00 and 106.85, where we might expect another bounce. Until the breakout of the running triangle happens, the pair will be stuck in range between red lines.
Many green pips,
Nenad Kerkez aka Tarantula FX