Trades at the highest level since March 20
The USDJPY is trading at the highest level since March 20 - extending above trend line resistance in the process. The 61.8% retracement of the move down from the March high comes in at 120.60. Above that is resistance at the 126 68-120.812 area. This area corresponds with highs and lows going back to December 2014 (see daily chart below).
