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Source: Thomson Reuters
- USD/JPY pressing 61.8% of Feb 11-16 drop at 119.58 & well above Tenkan into Yellen
- Ichi configuration bullish & Nikkei at new Abenomics highs
- Weekly Ichi pattern also bullish, pair has not closed below Tenkan at 118.30 in 3 wks
- Exporter offers & 1.2bln of 120 expiries targeted above 119.60 buy stops
- Down TrendLine from Dec 23 at 120.40 key
