The US Dollar/Japanese Yen pair remains in much the same situation as the Euro/US Dollar, as the USD/JPY remains within a progressively tightening wedge formation. Price previously held at the 61.8 percent Fibonacci retracement of the 100.50-94.50 move at 98.20, and said level represents important resistance against any further USD/JPY gains. In terms of support, USD/JPY congestion zones near 96.00 offer the next noteworthy price floor. Overall bearish momentum leaves our bias firmly to the downside.