USD/JPY has slipped back in Asian trade, presently down at 90.90 from a North American close Wednesday up around 91.30, with Japanese exporters taking advantage of the recently elevated levels.
Interesting to see Sean reporting that BOT Mitsubishi technical analysts looking for USD/JPY to rally further towards 92.90 in coming weeks.
Just also noted Daiwa Institute of Research opining that USD/JPY could go to 92.50 by end of February. They see signs of US recovery, with Fed closer to tightening than BOJ. They also tip 90.00-100.00 as possible range for rest of year. Interesting given we’re a mere 90 points away from the lower parameter.