USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh 34-year high on Monday. After a roller coaster session that day following speculation over a Japanese intervention, the pair experienced a strong sell off before recouping a significant part of its losses. Should bullish pressures persist, the price could challenge could 159.10, which is the 161.8% Fibonacci extension of the 151.90-140.24 downleg. Further upside attempts could then come to a halt at the recent 34-year peak of 160.20. Conquering this barricade, the bulls may attack the 200.0% Fibo of 163.55. On the flipside, if the ... (full story)