Commentary of the USD/JPY parity :

The parity got out of its bearish channel but 1.0234 acted well as resistance. We maintain to trade only short positions as far as this level is resistance. Nour analysis is reinforced by a bearish divergence on the momentum. However, if 1.0234 is broken, a buy signal will be given.

See the previous analysis of the USD/CAD parity of March 22, 2010