• USD/JPY uptrend remains parabolic and headed for 2002's 135.20 peak on EBS

• That's the highest level since October 1998

• RSIs from dailies out to monthlies are highly overbought

• But there are no clear topping signals thus far

• Should a correction develop initial support is the 10-DMA, last at 125.67

• Value bid above 126 on the off chance an overdue correction develops

• Otherwise the May 2002 high at 129.15 and 130 figure may offer resistance

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