USD/JPY: Merrill Lynch recommends traders go long on USD/JPY

Throughout the currency markets, the USD continued to outperform, says Merrill Lynch. The bank remains bullish on long on the USD/JPY.

"Even though the 124.16/124.59 area may provide resistance, we expect it to give way to a push to 128.45. As such, we recommend remaining long, targeting 128.45", advises Merrill Lynch.