Sellers could not get below the May low in trading yesterday and buyers returned
The USDJPY is rebounding higher in trading today and currently trades near the highs for the day.
However, the run to the downside took the price within 8 pips of the May low at 105.978. The low price reached 106.067 and quickly rebounded. The moved back higher was able to get back above the aforementioned swing area (see yellow area and green numbered circles). The price stayed above that level (buyers taking back control ).
In the current 4 hour bar, the price has moved back up to test the underside of the broken trend line at 106.734 currently.