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Forex pairs in this Article » USD/JPY
FXstreet.com (Bali) - Technically, Shaun Osborne, Chief FX Strategist at TDS, thinks the USD/JPY uprend has a lot of momentum behind it, and while corrections may take place, the squeeze on shorts Yen should be short-lived.

Key Quotes

"The break out from the neat consolidation triangle implies that the market is poised for a repeat of the 26 big figure rally from the break out point just above 99, putting 125 on the radar within the next 12 months."

"From a positioning point of view, we would rather get long nearer 100 now but a sustained push through 104 through the New Year might compel us to hold our nose and jump in on the long side."
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