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Forex pairs in this Article » EUR/USD, USD/JPY (Bali) - The Japanese Yen is being smashed in early trading, having opened with a down-gap and extending on its losses during thin volume.

USD/JPY has expanded its bullish momentum on the back of higher-than-expected NFP numbers, surging from an opening of 102.88 all the way up to 103.20, getting now in close contact with last week's high at 103.35.

From a technical standpoint, with ichimoku indicators across all time-frames pointing to higher quotes, there seems to be little evidence suggesting that the USD/JPY uptrend will find much opposition to retest May 2013 high at 103.65.
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