USD/JPY trips stops above 103.50

FXstreet.com (Bali) - USD/JPY has broken higher through 103.50, tripping reported stops and setting the stage for further gains in the Tokyo session ahead. As noted in the prior report, a strong cross through the H4 chart is about to be given, as the Tenkan retakes the Kijun line, reinforcing the bullish bias.

USD/JPY aiming at stop 103.50+, exporter's hedging done?

Sentiment towards the Japanese Yen collapsed on Thursday, with steady selling dominating the NA session, as long saw bets being benefited by upbeat retail sales in the US, which led to talk up early taper calls/US GDP projections.
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EUR/JPY is recording fresh weekly highs.

EUR/JPY has been a non-stop performer crashing through resistances until 142.50 where the pair now clings from.
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