USD JPY is trading sideways since 1st July after touching high near 108.00 , no meaningful downside is witnessed since then. It is right that forex market is passing through a record low volatility phase now a days, so little opportunities arising these days. USD JPY is trading in a small range of 106.00 to 108.00 and to touch the Bottom of this range is expected in coming days. Price is still trading above it’s support zone and to touch the support zone first seems healthy for the pair. This post will be updated as soon as the next opportunity will be spotted. We are sellers in the pair at 108.00. holding our sell to book profits at some more desirable prices. Price currently trading around 107.00 at the time of writing.
DISCLAIMER:- Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.