Mizuho securities is bullish USDJPY

Toru Suehiro at Mizuho securities in Tokyo says that while USDJPY may climb to 125 this year it's likely to see Japan's leaders coming out and verbally intervening

Excessive yen weakness could see complaints from the US during TPP negotiations as well as rising negative effects to the domestic economy

The strong dollar chatter is becoming more mainstream in conversations by the Fed and US businesses. We could find that once the market gets its rate hike, we could well enter a very long period of consolidation