USD/JPY as usual will be all about stop-loss runs. The market is bullish and wants to buy. but momentum simply isn’t strong enough and the Yen shorts are constantly getting squeezed. Range trading is definitely the way to go in USD/JPY.
Everyone is talking about large bids between 101.00/25 which usually means there will be plenty of stops below 100.90! The bulls should be patient and wait for bigger dips towards 100.00.