USDJPY corrects toward the 38.2% retracement of the day's trading range

Bounces near the 106.00 level
Drilling to the 5 minutes chart below, the correction off the low has approached the 38.2% retracement of the days high the low trading range. That 38.2% retracement level comes in at 106.505. A move above that level is needed to give the buyers more confidence. It represents the minimum corrective hurdle for