Since the stop-loss run above 93.10, there has been very little pullback in USD/JPY. It is unusual for the Asian session to continue almost uninteruppted in one direction which shows the strength of the emerging bull trend. We can expect to see more stops above 93.75 and it would not be a surprise to see a test of that level in early London. This would probably coincide with a 125.50 test in EUR/JPY.