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USD/JPY clears 120 barriers, retest of Dec peak increasingly likely

Monday, March 2, 2015 3:40 PM UTC

Despite soft ISM & Construction Spending USD/JPY clears 120 barriers
Data was weak, but not enough to tame USD bulls, pair could retest Dec peak
Exporter offers and barriers at 120 since cleared; stops seen above 120.15
Down TrendLine from Dec 23 is key level to watch, Jan & Feb highs is at 120.36
2-yr USD-JPY yield spreads at day's high, but still below Friday's

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USD/JPY clears 120 barriers, retest of Dec peak increasingly likely

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