• USD/JPY higher still into London, from 146.00 early Asia to 147.21 EBS

• Break through 147.00 takes it well above descending 100-DMA at 146.80

• Further away too from 144.90-145.55 daily Ichimoku cloud

• USD/JPY now highest since 147.66 on May 14, closer to 148.65 May peak

• Middle East tensions, concerns over Japan's energy supply very high

• This especially so with market still very long JPY

• Only easing of tensions in the Middle East to cap current USD uptrend

• Related comment , also , for more click on [FXBUZ]

USD/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)