Technical analysts at Barcalys on USD/JPY
- Gained confidence on their bullish view "encouraged by the move above the Y120.45 area" on Thursday
Now:
- "We are looking for a move higher towards targets near Y121.20 and then the Y122.05 highs"
In the bigger picture:
- Topside targets are "near Y123.70 and then Y124.15, the 2007 peak"