USDJPY: Upside may be blocked near 102.00 - BBH

Research Team at BBH, suggests that the dollar looks firm against the yen after the JPY100 level was repeatedly tested but the upside may be blocked near JPY102.00. 

Key Quotes

“A trendline connecting the September highs comes in just below there at the start of next week and corresponds to the 50-day moving average.  The trendline is falling about 10 ticks a day.   Of note, the dollar-yen rates appears to have become decoupled from the stock market. The rolling 60-day correlation between dollar-yen and the S&P 500 has fallen to 0.1, the lowest since the middle of 2015.”