USD/JPY: Yen demand likely to intensify as financial-year end nears

The Japanese financial year ends on March 31st and in my experience (I’d guess 5 years out of 6), USD/JPY falls during the last 2 weeks of March as Japanese corporates repatriate overseas earnings. There’s a distinct possibility that a daily high will now form at 84.15 and as this is also intermediate weekly trendline resistance, selling rallies back towards there makes good sense to me.