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The USDJPY extends to new session highs


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Runs above swing area and undersidde of broken trend line..


The USDJPY is trading at a new session high, as dollar buying kicks in (the GBP, CHF, CAD, AUD and NZD are all making new highs as I type).  
Technically, the pair moved above the 108.60-645 area in the last run higher, which will now be close intraday risk.  
Drilling to the 5-minute chart below, the pair has been trending higher since 8:30 AM ET. When the 108.24-27 area was broken, there really has not been much in the way of a correction.  The last leg higher (from a modest corrective low at 108.423) has the 38.2-50% of the that leg at 108.57-609. Stay above that area on a correction keeps the buyers (and the trend) alive.  

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