USD/JPY broke the July high and eyes 110.25 55 week ma

USD/JPY has reached a new high in Asia and has rallied to 107.60 so far.  Japanese Q3 GDP beats expectations, inflationary pressures non-existent

Wall Street at record highs on Trump victory, investors dumping bonds for stocks - BBH

The greenback has continued on with dominating the board while markets price in inflationary expectations for the US economy under a Trump presedency.  Markets would have tuned into listen the new President elect who gave his first post election interview at 1GMT today which aired on 60-minutes this morning Asian. BOJ's Kuroda: BOJ can continue easy policy

Dollar shines in an eventful week in US politics

From data, Japanese GDP data for Q3 came better than expected at 0.5% QoQ vs 0.2% exp and 0.2% last, while the GDP annualized (seasonally adjusted) YoY was 2.2% vs 0.8% expected and 0.7% last. We also have had a run of Chinese data that has included retail sales and industrial production that missed expectations by a small margin.

Trump victory targets - Nomura

USD/JPY levels

After rallying through the 200 day ma recently and breaking the 107.40 July high, eyes are focused on the 110.25 55 week ma. "Dips lower should now find that 105.55 offers nearby support ahead of the 13,12 55 day ma. The intraday Elliott wave count is suggesting a retracement into the 105.25/104.25 band ahead of further gains. The bottom of the range is a band bordered by the 100.47 5 month support line and the 99.00 June low." explained analysts at Commerzbank.