No one knows how high it can go because there is very good resistance from 119 yen to 119.50 yen.
I think dollar/yen (will stay) in a range before tomorrow's BOJ policy meeting ... but I prefer to buy on dips.
Weak economic figures give cause for concern over the Fed's rate increases. I had thought the data on foreign investment was not so important up to now, but amid the dollar-bearish sentiment, this could be yet another dollar-selling catalyst.
The new fiscal year has started, but ... the buying demand isn't as large as we expected.