Now I’ll be the first to admit that I’ve thought this on many occasions and been wrong but USD/JPY certainly has a slightly tired feel to it. EUR/JPY is also approaching a big number at 130.00 and perhaps that combined with 100.00 in USD/JPY might be enough to encourage some profit taking?
I’m still going to wait until Europe opens and will sell another failure at 99.65 in USD/JPY (which would effectively give me a CHF/JPY position).