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Forex: USD/JPY - 102.00 is history now, blue sky until 103.60

FXstreet.com (Barcelona) - The Japanese Yen continues its incessant decline along Asian hours, with speculators undoubtedly more comfortable selling the currency after Japan managed to escape censure from its G7 colleagues again.

According to Valeria Bednarik, chief analyst at FXstreet.com: "G7 support along with sustained gains above 100.00 had opened doors for a continuation of the bullish trend, and selling interest is nowhere around, supporting overall momentum in the pair."

Once above 102.00, confirmed now, with highest printed at 102.14, "there’s little in the middle up to 103.60, next strong resistance ahead of 105.00" says Valeria, who "expect shallow corrections in between and buyers quickly adding in retracements."

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