Still looking for USDJPY correction potential

From tradingfloor.com

Today’s US employment report saw the bottom coming out of the US treasury market. This widened the yield spread between higher yielding US debt and lower-yielding Japanese government bonds and encouraged another leg higher in the USDJPY rate. As well, the somewhat stronger US employment numbers encourages the idea that the US Federal Reserve will slow its asset purchases, perhaps as soon as this September, at the same time as Japan has launched a radical monetary easing experiment that won’t change any time soon. All supportive of the USDJPY higher, especially as the European Central Bank and Bank of England also ... (full story)