USD/JPY: next stop 124.00? – RBS

FXStreet (Barcelona) - Paul Robson of RBS, expects a clear break of USD/JPY above 121.80 to pave way for 124.00 levels.

Key Quotes

“USD/JPY has been trading in the range of 116.00/121.80, as the lagging line of the Ichimoku cloud reached 121.00 resistance. Once this level is cleared and confirmed, the door appears open to a further upswing to 124.00.”