A technical trade idea from CitiFX
CitiFX's technical team is out with a recommendation to buy USD/JPY at 109.25 with a target of 112.30 and a stop at 108.45.
They say it's an opportunistic long that "reflects USD/JPY's recent price action, yields and equities dynamics."
This was out earlier today when 109.25 was close to spot. It's up to 109.69 now, so that's a good start but key will be breaking last week's high of 110.04.
h/t @AntBarton89