There seems to be wave of risk appetite in the market right now. The risk currencies such as the Commodity Dollars and the British Pound have jumped about 50-60 pips. USD/CAD has declined nearly 200 pips since last night´s highs but that´s mostly due to the petrol price, which hasn´t declined a great deal taking into account the failure of the Doha summit. USD/JPY has gained nearly 80 pips though since this morning which is great for our long term signal that we opened in this pair last night. 

USD/JPY long term signals looking good right now