USD/JPY is still meandering along with a great unwillingness to do anything. 102.20 is seeing some support coming in 2 pips above and with data fairly light again this session we could again be looking elsewhere for inspiration.
USD/JPY h4 chart
102.20 also plays host to the 55 h4 ma which played a part in yesterdays lows too. The 100 h4 ma is underneath at 102.05 and with decent sized bids at 102.00 we look destined to trade the range once more. If 102.00 goes then the bottom of the wedge is at 101.80 with weekly support at 101.62. 102.40/47 should see resistance and then the 102.60/65 area.
