Does the Usd/Jpy have any gas left in the tank to break the all important Phsychological 100.00 level?

In the last several months we have seen a relatively painless run from the 76 handle on Usd/Jpy. A few days ago the new BOJ Governor, Kuroda says that they have ‘done all that is necessary and possible for now.’ I hear a comment like that and it gets my attention as it also grabs the attention of the market. If you notice that comment comes out just as USDJPY is testing and failing what many in the market feel ( and I agree) is at a huge technical level, 100.00 Remember this move from the 76 level was without a doubt hugely if not entirely driven by the premiss, the promises, and now the initial execution of a monumental […] Read more »