USDJPY has been forming a pennant on H4 chart.   Yesterday’s range was 119.60 – 120.50.

Today so far in Asian hours, the range is getting smaller.

For days like today, you don’t need to trade Yen pairs.

I would just observe the price actions, and wait until the price started to move either way.

My bias for USDJPY is…

Long term long, and short term short.

 

YJ Baik – Forex.Today @ Tokyo