USDJPY Forecast
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Potential daily range today remains between 119.60 – 121.30. We need a clear break from that range area and the FOMC statement/press conference is expected to be a catalyst and to give clearer direction. I prefer to wait until we have a breakout from the range area but aggressive intraday traders can still buy around 119.60 or sell around 121.30 with a tight stop loss.

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