USD/JPY has the 135 mark in its crosshairs – TDS

USD/JPY is trading at a new high for this cycle near 133. Economists at TD Securities expect the pair to reach the 135 level.

MOF to note its discomfort with the currency's weakness

“The USD/JPY pair has demonstrated the capacity to make new multi-year highs despite what many believe to be a range-bound Treasury market. We view this as a significant technical development and it will not be long before the MOF will note its discomfort with the currency's weakness (not like they will do anything about it).

“135 marks the next major level for USD/JPY.”