GPB/JPY is experiencing a reversal, Has just broke the previous resistance at 136.50 on the 4 HR chart, we might be looking for a move with in a week or 2 at the 145.00 mark, it may come back and test previous resistance as support at 136.50. overall it has broken its monthly resistance. This is explains why price headed up with out looking back.
Comment:
This is my technical apsect, macro, has a lot to do with BOJ implementing a stimulus package, negative interest rates and printing more money. when the bank prints more money, it loses its value, hence why the big moves on all major currency's against the Yen.