It is a very tricky situation. As indicated by me on Fri, both TP1 (134) and TP 2 (133) has been achieved. There is every chance of the pair hitting north upto 141, if BoJ delivers easing policy on the 21st Sep. The market is not too concerned at the moment as previous BoJ talks have not materialized; so every good chance for this pair to bounce steeply.
If BoJ fails to deliver on the 21st Sep, the market will punish JPY and it may hit the 94 range.
If BoJ fails to deliver on the 21st Sep, the market will punish JPY and it may hit the 94 range.