USDJPY has stayed within the range of 117.15 – 118.30 for a week now.
Thus I don’t expect to trade this pair, until I see the break of this range.
Since my immediate bias is neutral, I plan to follow the direction of the break, and will try to get into the trade for the same direction.
Maybe good to look for the trading opportunities with other pairs.
Everyone seems to be waiting for the next BOJ meeting on Jan 20-21.
YJ Baik – Forex.Today @ Tokyo