USDJPY approaching a last line in the sand from the 125 drop

USDJPY is having a closer look at 115.00

Since the run from below near 101, the high 114's is where USDJPY has found the most resistance. 114.80 odd has been the highs recently but we've broken that and 115.00 to a high of 115.14.

USDJPY daily chart.

Although this has proved to be a tough level, there's still more higher up, most notably the 61.8 fib of the 125.85 fall at 115.55, then 116.00/10, which were significant bottoms in that fall.

The yen looks to e behind most of this move but the dollar is staring to have a pull on other pairs now. This break will need to hold 115.00 now, with further support at 114.75 & 114.50.

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