I believe we may be looking at a possible pullback against the Yen of all major pairs,
I have noticed a couple of warning signs on the market - signs that indicate that a top is in place for a lot of pairs
against the Yen, and support levels that have not been tested yet, may be tested soon

Most noticeable warning sign is Nzd/Jpy, which is a so-called 'commodity currency' and a good indicator of market
sentiment; the pair has just put in a five year high, but closed with a gravestone doji and sharp down
on the weekly chart - retracement it may be - but a warning sign indeed

Secondly Usd/Jpy has not been moving in two days - unable to get back to 105, despite several chances in the market,
this means weakness of the dollar, or Yen strength, and will push the pair down
sooner or later, as is usually the case, then the Jpy crosses will follow

If the crosses retrace down with Usd - Usd/Jpy will probably test 103 level again - then Eur/Jpy, and Gbp/Jpy
will have support targets to reach which have not been tested yet,
so it makes sense in that respect that a pullback is upcoming:

Eur/Jpy has an area around 1.39 to test, and Gbp/Jpy should stall either at 169, or - more probably - 166/165

Gl out there next week, and beware of sudden drops in pairs against Jpy
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