Dollar's rebound from 107.27 on Friday due to active cross selling in yen suggests the correction from last week's high at 108.62 has possibly ended and a break above 108.30/38 would confirm, bring resumption of recent upmove from 104.95 for re-test of 108.62 first.  
Below 107.27 would yield another corrective fall towards previous support at 106.99 but break there is needed to extend weakness to 106.50/60.