The dollar has hit a new high for this year. The previous high was 119.40. The next target is 120. However, the yen is already sold way beyond any previous levels. Since there is no sign of the Bank of Japan raising interest rates soon, there is no incentive to buy yen at this point. If anything is to disrupt this trend it would be dollar weakness rather than yen strength. We will have to see how long this North Korea news will last. I do not believe that the dollar will go straight past 120 and beyond, there will be dips, corrections but I think the dollar will go beyond 120 or last year's high of 121 by December. But beware that any fall from new highs can be steep.