So, I entered long on USD\JPY right below 124.00 and I wonder where the possible target could be. Something tells me that the pair will be heavily sold when it reaches 125.00. On the other hand it could be well supported by Janet Yellen's comments that the Fed will start rising rates this year(and now, everyone is talking about September again). So, maybe it can easily reach 127.00 level in next few sessions. Tomorrow's CPI data should also support the USD.

No matter what happens USD\JPY already had an impressive run in the last few sessions of over 350 pips, from 120.48 to 124.18. Could it go much further? - We'll see.

I'm also long on USD\CHF which finally moved above 0.9520 level and I think it will keep going up to at least 0.9700.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –