USD/JPY - Target Approaching

USD/JPY - Target of 100JPY Approaching

Good morning. First of all, I apologize for not writing more of an analysis for my target of 100JPY on USD/JPY trade I posted early December. The market is now approaching 100JPY, which also represents the 200 day MA. The current price also represents the 50% retracement level from August 110.70 to December and January low of 87.21 (which double bottomed).

The Yen pairs are no longer following equity prices as a norm. Interesting to see what the next trend will be. Next analysis will be the EUR/USD pair. I'm looking for a gain towards 1.32, unless we break 1.23 first.

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