The Japanese Yen fell more than 10% versus the US Dollar in the second quarter as USD/JPY bulls pressed higher with nearly unrelenting vigor. USD/JPY broke its 2015 high in April when prices rallied 6.72%. The 2002 high then broke in June, putting prices in 1998 territory. That year’s high of 147.65 marks the next major technical obstacle for USD/JPY. That is less than 8% from where prices were in late June. Given the recent pace of gains in the currency pair, that level may be tested in short order. A break higher would put prices at their highest in over 30 years. The 1990 high at 160.16 would then present bulls ... (full story)