Lots of resistance to get through though...
The USDJPY is reaching toward the high for the day, the high for the week, but those levels have a lot of resistance. The high for the day pretty much equaled the high from Monday (today high 100.897 vs 100.927). The other technical hurdles in the area include the 50% of the move down from the August 12 swing high (at 100.883) and the 100 bar MA on the 4 hour chart at 100.939. The price has not traded above the 100 bar MA since July 29th. There should be seller leaning but with stops on a break above.
The next target on a break would be the 101.16-20 which are the swing high from Aug 16 and the 61.8% of the move down from the August 12 swing high. A trend line from the August 8 high cuts across at 101.29 (that;s the red line near the 61.8% level).
Stanley Fischer will be interviewed on CNBC in a few minutes. It is unlikely he says things that would contradict Yellen's remarks.
