What do you think?
The USDJPY has spent most of January below what was a floor for the pair going back to February 2015. Sure the pair moved below that level once in August and then for a small moment in October (a tiny moment) but that was it. Well, we are back at the low of that floor at the 118.22-50 area.
The high today is 118.30 so far. The price is trading at 118.22. The fate of the USDJPY will be dependent on whether the price can get on the other side of the fence.
What do you think? Stay below or move above the ceiling?
