Resistance for the USDJPY is at 100.50 / 101; which is the November 4 high / 61.8% of the decline from 110.71. Short term structure has not confirmed that a top is in place. In fact, a triangle may be underway. If so, then a day or two more of range within the triangle is likely before a terminal thrust upward. A drop below Elliott channel support would begin to suggest that a top is in place. That line is at 97 today.
