Event risk weighed USD/JPY when it met key upside target nL1N36Z0P3

Reverse has now met a similar objective - base is likely

Target for min tech correction Mar-May rise is 134.67

May 4 range 134.73-35

Overbought ahead Fed - pair has returned to neutral ground

142.50 is the potential target if rally resumed

Fed's pause is fuel for gambling and yen is ideal way to fund investments

Interest rate gap favouring USD is huge - 65 pips each month