USDJPY Breakout Underway

A breakout in USD/JPY is now approaching a 100 pip zone of technical significance at 136.66-137.66- a region defined by the 38.2% retracement of the October decline and the yearly high-day close. - Looking for a reaction there If reached.

Remains constructive while within this formation. A topside breach exposes 139.58

Michael Boutros, Sr Technical Strategist with FOREX.com

MBForex