Not exactly blast off time just yet but we’ve been chewing through the upside resistance around 101.60/75 and etched out a new high at 101.80.
Whether there’s enough in the tank for an attack on 102 remains to be seen and that will be the next big level to take out.
USD/JPY daily chart 22 05 2014
Near term 101.50 is the support level to watch.