No one knows how high it can go because there is very good resistance from 119 yen to 119.50 yen.
Weak economic figures give cause for concern over the Fed's rate increases. I had thought the data on foreign investment was not so important up to now, but amid the dollar-bearish sentiment, this could be yet another dollar-selling catalyst.
I think dollar/yen (will stay) in a range before tomorrow's BOJ policy meeting.. But I prefer to buy on dips.
The new fiscal year has started, but.. The buying demand isn't as large as we expected.