USDJPY Mar 09 to Mar 13 Outlook

Recap
As explained in details last week, there is very limited downside potential and ninja is likely to push higher. Ninja consolidated around Y+1 and breakout to the upside and tagged the normal breakout target of Y+3. Closed the week above Y+2 and midpoint.

Outlook
Breakout on weekly. 120 potential support for more upside on weekly basis. Next week, however, is more likely to consolidate around B-0.