USDJPY has gone to epic highs and beaten all bears who have been in the market looking for a break so far. The JPY is falling has developed to Abenomics era values based on an improving US economy. Contributing factors include the cabinet reshuffle today and Prime Minister Shinzo Abe desire to move pension funds towards riskier asset classes. The Prime Minister has advised that he is seeking to policy maker with this exact desired outcome.
The USDJPY is currently trading at 105.20 zone but there are no clear signs to indicate that this bull is going to retire anytime soon. NFP data in the US is likely to be the decisive factor here on direction. Do not trade here until clarity and data is released. Speculative trading is not recommended.