Feb and March highs the next targets for the buyers
The buying is continuing in the USDJPY with the March highs at 114.44-54 being tested. THe high reached 114.438. The price moved back down to 114.30 currently. It is a visual high area for profit taking where risk can be defined and limited and it seems the sellers took the opportunity to unload of some longs (and perhaps some new shorts as well).