Due to recent good released NFP data in the USA,the JPY jumping up to highest level. Good NFP data maybe plays not here a really big roll for a weaker JPY at the moment, but the intention of the BoJ to put further stimulus during this year, for the oil prices have been dramatically fallen therefore a 2% inflation target is still not reached,might be a good back reason for the strong upward trend of Yen now.
We prefer to go long with UJ.
Good buying level should be @120.440 and t/p @ 123.495.
In case the price would be triggered the green projected upward trend line,then go long with it.