Commentary of the USD/JPY parity :

The parity got out of its triangle from the bottom, giving us a sell signal. Currently, a pullback seems to occur on the lower band which is now acting as resistance. We advise to trade only short positions as far as the upper band of the triangle is resistance. The break out of the last lowest at 89.83 will give a new sell signal and we could then target 89.47 (level 23.60% of fibonacci retracement).

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