BOJ surprised the market with an expanded QE
program to increase the Yen's monetary base. In the long term, the bullish
run in USDJPY
should continue towards 115.00. However, all vertical rocketry price movements must eventually return to earth. I think there should be strong buying interest around 109.60-110.00. This is the 38.2% FIB retracement level and prior S/R swing high.
SL below 109.30