USD/JPY, 124.00 to cover 2007.-2011. complete loss!
Can the US dollar cover complete loss from 2007-2011 fall? We could see that there is enough buyers on every USD/JPY decline, ready to cover every loss here. Based on this monthly graph, first resistance is December 2014. high at 121.80 and if US dollar bulls could brake that level, 124.00 could be sure thing in the following months. But, that would not be an easy job for the ‘USD lovers’! The most important thing in furder developments here will be the FED monetary policy decisions and possible rate hikes. But, until then, USD still remain strongly bullish at this pair.