Forex Flash: USD/JPY to pare some gains on Japanese fiscal year end – TD Securities

At the time of writing USD/JPY had made a new 3 ½-year high of 95.08, having already surpassed the 2010 highs.

"Our FX strategy team expect us to move back to 100 by the end of next year, but expect that we will see USDJPY pare some of its gains over the next few weeks as positive seasonal flows associated with the end of the Japanese fiscal year should begin to kick in soon, forcing USDJPY lower", says the TD Securities team