Since the start of the pandemic, UsdJpy is trading downwards, but if we look at the daily chart we can see that this downtrend is anemic and looks more like a range with some bearish tone. We have a recent low just above 103 and now the pair looks like it found a strong base in this zone. I expect a trend reversal for UsdJpy and I have a bullish outlook as long as the price is trading above 103. My target for medium-term is 108 zone