The USD/JPY seems to moving higher within a wave 3 (pink) impulse and one more push higher could see price hit the 261.8% Fibonacci target of wave 3 vs 1. A mild correction however could be expected completed as the price reaches a daily resistance zone (red box). The Fibonacci retracement levels of wave 4 vs 3 are expected to act as support and could become a bouncing spot for an uptrend continuation.