USDJPY TRADING TO ANOTHER 34-YEAR HIGH JUST BELOW 154… AS I NOTED ON THE BREAK OF 152, THE NEXT POTENTIAL BOJLINE IN THE SAND WAS 155. THIS SUGGESTS 154-155, SHOULD IT TRADE, WOULD BE A NERVOUS ZONE
NOTE JPY WEAKNESS ON ITS CROSSES GIVING A BOD TO USDJPY.
USDJPY LIKELY KEEPS ITS BID IF IT CAN STAY ABOVE 153.50 (NOT SHOWN ON THIS CHART)