As we know, the professional market is very long of this pair and was able to make more easy gains today after the new Japanese PM was sworn in and the latest BOJ minutes were released. The door can often be very wide going in but very narrow coming out, so bulls need to be careful now that a long-term technical target at 85.50 has just been reached. With year-end looming, we may see some profit taking start to emerge if this technical resistance level holds.
