I have no interest in shorting this market, at least not until something fundamentally changes.

The USD/JPY rallied a bit during the trading session on Friday, especially after the Jerome Powell speech. The US dollar has been rallying quite significantly against the Japanese yen, and it looks like we are ready to continue doing more of the same. I think it is probably only a matter of time before we reach the highest, and then perhaps go up to the ¥140 level. The ¥140 level course is a large, round, psychologically significant figure that a lot of people will pay attention to.

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