من سيتى بنك
Focus today is on USDJPY which has posted/ is in the middle of the largest correction since the October low. This leads us to take the chart further back for guidance on where this correction may come to an end. In choppy markets, this is a work in progress.
· We suspect decent support could be found in and around the 117 area. If tested, we suspect it could mark the end of this corrective phase and set a platform for the uptrend to resume.
· Overall, we maintain our multi week / multi month view that the dominant trend is still up and that we should see a test of 125 in early 2015 (and even higher over the course of 2015).

