On the daily chart, we can see that USDJPY yesterday crossed the 160.00 handle and triggered an intervention that sent the pair 500 pips lower. That level is now clearly the line in the sand for the Japanese officials but as long as the fundamentals remain the same, the pair will keep on advancing to new highs, especially if the US data continues to surprise to the upside. From a risk management perspective though, the buyers will have a much better risk to reward setup around the 152.00 handle where they will also find the confluence of the trendline and the 61.8% Fibonacci retracement level.