I was just checking my platform and discovered that the Yen pairs seems to be at a summit. when I scrolled backwards, I noticed there was still room for some more downward plunge of the yen pairs.
Truth be told, some of our big guys at the Barclay’s and credit agricole etc are suggesting that the USD/JPY has not peaked yet and that they are aiming for the 135.00 levels. I believe before it gets there, there would be a plunge of all the yen pairs to at least a thousand if not more pips.
Check your monthly time frame and you will see what I am talking about. coupled with the uncertainty in the economy if our big countries, risk-off sentiment will play a huge role in the plunge except by some super duper miracle then Se will see price hike.
Just my humble suggestion.