• Pair moves higher after AM push down to 119.67.
  
  
• It touched a high of 120.62 so far and more upside potential seen.
  
  
• JPY bears out in force if only short-term, as many stopped out overnight
  
  
• Action whippy and market still very short JPY, could revert on a dime
  
  
• More than half of yesterday's drop from 121.41 to 119.29 reversed
  
  
• A few offers returning above 120.50, more seen towards 121.00 from jobbers