There has only been one significant move in USDJPY today, and that was down thru 98.00 taking out stops under 97.60. Since then, we have been drifting sideways with a soft tone to it.
I would like to see a pullback to the congested 96.50 area before higher again to tackle the 98.85 level. No clues from EURJPY as EURUSD sits quietly in the 1.2720s.
