Took out the 105.00 barrier and 105.30 resistance with the move now homing in towards 106.00 with a recent day’s high of 105.82.
A close above 105.00 tonight should prove to be bullish with an extension towards 108.00. Before that the 50 and 55 day MA will come into play at 107.24 and 107.52
USD/JPY was whacked down to 76.30 on the break of 76.50 from model accounts, before Japanese importers and investors turned the tide back with a move back to 76.67
