USD appears poised to move higher against the JPY - BBH

According to Marc Chandler, Global Head of Currency Strategy at BBH, the dollar appears poised to move higher against the yen as the BOJ has made it clear that it remains committed to its aggressive stance, and the rising US rates and rallies in equities, provide fundamental conditions that traditionally associated with a weaker yen.   

Key Quotes

“The dollar closed above its 20-day moving average against the yen for the first time since January 8.  The JPY107.00-JPY107.20 needs to be overcome for the greenback to challenge the upper end of the range near JPY108.”