JPY weakness is sparked by all time high in stock markets

This is a absurd risk on rally that took majority of the retail traders off guard, the all time stock market high today sparked this. However it doesn't make sense to keep on shorting a parabolic move and rallying market. So, i intend to view this from a technical standpoint and wait to trade possible pullback area at 112.00.

why i am not going long ? It doesn't make sense that gold is up and yen is weak, again if this was due to weak economic realities in japan, then jap's stock market would head down and would cause YEN to strengthen. Let's see what happens