Dollar has approached JPY100 - BBH

Research Team at BBH, notes that the dollar has approached JPY100 and this is in important psychological area, though the Brexit low was almost JPY99.00. 

Key Quotes

“The lowest close was on July 8 near JPY100.55.  The JPY100 level also may be a neckline to a possible head and shoulder pattern, which could be an unusual but not unprecedented continuation pattern rather than a more traditional reversal pattern.  The pattern is about JPY7.5, which translates into a measuring objective of near JPY92.50 if the neckline is successfully violated.”