USD/JPY based in the midst of risk aversion thought driving its decline

USD/JPY based as soon as it reached oversold territory nL2N2XB12I

Pair has subsequently jumped back over 128.00 (128.21 EBS in Tokyo)

Today was Gotobi day with Japanese firms buying dollars

The drop towards 127 may be the foundation for a run to new highs

Should pair exceed 130.57 a run towards 150 may ensue

USD/JPY rebound is likely a leading indicator for other USD pairs

Due SNB policy USD/CHF is a prime candidate to follow USD/JPY higher

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