FXstreet.com (Barcelona) - The USD/JPY continues its steady uptrend from 89.82 low aon Feb 12hovering around 94.00 so far and threatening important resistance level at 94.65 (Jan 6 high), the Yen seems to have lost its safe haven condition with Japanese economy facing an important depression, worsened by recent ex-minister of finance's affair at G7 meeting.

Saxo bank points out to former Japanese Vice Finance Minister for International Affairs Eisuke Sakakibara's comments affirming thet the USD/JPY could break through the 100.00 barrier: USDJPY could rise as high as 100 as the Japanese economy approaches a state of depression and recent scandals continue to douse any faith external investors may have had in the local political system. His comments come as the markets push to decouple the JPY from the perceived safe-haven status that had been in place since the start of the crisis.