USD/JPY has probably resumed its up-trend after temporarily pulling back to 102.00. It has now risen back up to 102.80 and may now rise further to re-touch the 103.35 highs. A move above 103.40 could provide confirmation of a break higher, to perhaps the 103.72 highs or resistance at 104.15. A bullish count calculated from the November 26 lows also gives an upside target of 104.60.