USDJPY has finally broke out of consolidation as we see investment shift from the safe havens back in to the index's. We can see this technically on the chart with the break out of the recent consolidation zone after finding support around the 111.60 zone. Now the 4hr chart has broken out and closed above the consolidation zone we expect it to be re-tested before seeing high prices. Applying the Fibonacci we can see the 61.8 fib adds confluence to our support of 112.60. Looking for bullish price action here.