USD/JPY has become a focal point for many FOREX traders as the bullish trend has continued to push fresh highs, reminiscent of the massive bullish trend from last year that eventually topped around the 150 level in the pair. The difference is that this time, we have the recent history of an intervention that ended up reversing the trend, so as we push closer and closer to the 150 level that seemed to spark everything last year, bulls have remained hesitant. And as of late last week, we’ve even started to see signs of Japanese policymakers responding, first with a veiled threat of intervention last week and then with ... (full story)