Just noting this for those that like to keep an eye on what the neighbours are up to
Citi technical traders bought USDJPY at Y120.89
- Stop at Y118.75.
- Initial target is in the Y124-Y127 area
(That's a big zone)
Citi say that after that they "ultimately expect" the longer term to test 135-140
Note - they are watching for a sustained break above Y122.04 to "confirm a significant bullish break"