USD/JPY retreats from 13 year high,weakness only below 124.25

USD/JPY has broken short term support 125 and is trading well below that level. The major support is around 124.30 and any break below will drag the pair further down till 123.74/123.50.

On the upside minor resistance is around 125 any break above would extend gains till 125.60/125.85.

It is good to buy at dips around 124.40 with SL around 124.25 for the TP of 125/125.58.