The pair has been ranging between 99.88 and 104.12 for a couple of weeks. The D1 chart shows the price at the top of the range currently above 104.21. USD JYP is at the an interesting resistance level of 104.12, a level its been holding for a while. This resistance was broken on 12 October and has been tested for a few days. The pair is likely to break resistance and go bullish OR return into its range in bearish. If it breaks resistance level, I will wait for the fibonachi retracements and buy. My case for a buy is supported by the Feds likeliness of increasing the rates. Also the BoJ have indicated their willingness to look for alternatives to quantitative easing. This gives a strong case for a stronger USD and a weaker JPY.