The USD/JPY showed more positive outlook to this week as predicted and beat 102.00/05 to hit our target of 102.20/25. We topped exactly here but the pair could continue higher today for 102.35/40 today. Exit longs and try shorts with stops above 102.50 for a test of trend line 102.65/70 which should hold a move higher at this stage.
Immediate support is 102.02/00 but below here a buying opportunity at 101.80/76 with stops below 101.60.