USD/JPY: Extending gains

13:15 GMT - No change in the bullish tone, as daily stochastics and the Tension Indicator continue to track higher. January gains are now approaching congestion around 107.00 and the 107.15 Fibonacci retracement, where mixed intraday studies could prompt short-term reactions. Broader weekly charts are bullish, however, highlighting a later break and continuation towards 107.50, and higher. Meanwhile, support is down to congestion around 106.00, and should underpin any immediate setbacks. A close beneath here, not seen, would turn sentiment cautiously Negative and open up congestion around 105.50.