USD/JPY and the JPY crosses began 2013 like so many of us. It came out of the gate all full of piss and vinegar. But like so many new years resolutions, the frantic new year rally proved unsustainable.
So here we are, in a bit of a technical no man’s land. Patient bulls may want to keep some powder dry until USD/JPY dips toward trendline support at 85.25 and EUR/JPY dips to 112.20.
