FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could see its upside reaching the 123.77 recent high. Key Quotes “USD/JPY charted an almost replica session to leave the outlook unchanged”. “The market is seeing decent recovery off the 122.20 support”. “The intraday Elliott wave counts are more positive and currently imply a move to 123.77 then recent high. Above here will target 125.00/28 (the August high)”. For more information, read our latest forex news.