USD/JPY climbed above yesterday’s high of 102.15 to touch 102.28 and the highest since October 2008.
The turnaround in the pair from early European trading has been impressive and there is now a bullish engulfing candle on the chart.
More offers are up at 102.50 with stops above.
The recurring story from the past 8 months of USD/JPY rallies has been that the bulls who waited too long for deep pullbacks have been left out.
