USDJPY: Technical factors constructive and another attempt at 107.50 area likely - BBH

Research Team at BBH, notes that the dollar pushed higher against the yen and surpassed the JPY106.85 pre-Brexit high before reversing sharply (key reversal on the daily bar charts) on July 21. 

Key Quotes

“A month-old (but we think still relevant) interview with BOJ's Kuroda led many to re-think the likelihood of "helicopter money."  Despite the bearish price action, there was no follow dollar selling ahead of the weekend against the yen.  Technical factors remain constructive and another attempt on the JPY107.50 area looks likely, though a break of JPY105.40 would negate the favorable tone.”