The yanks are waking up as the dollar's gone bid

The alarm clocks are going off and the coffee is brewing

USDJPY is having a look at the upside as it mildly pushes through 124.00 once more. We've beaten the intraday highs by a few pips to post 124.07

124.15/20 is the level to watch if we do move up, followed by 124.45/50, 124.65/70 and 124.90

USDJPY H4 chart

Support is currently coming off the 55 H4 ma, and still looks good between 123.70 down to 123.55/60, and then 123.25/30. The 200 & 100 H4 ma's are converging just under there at 124.17/21

Bulls will be hoping for a strong show in the Markit manufacturing PMI (53.6 exp vs 53.6 prior) and the new home sales report (0.546m exp vs 0.546m prior)