USDJPY looks likely to remain rangebound as price looks to be forming a bearish engulfing candle on the daily timeframe.
This is largely down to the current JPY strength which could be caused by some risk off coming back into the market.
If the JPY strength continues we can look for potential range trading opportunities back into the lows.
This is largely down to the current JPY strength which could be caused by some risk off coming back into the market.
If the JPY strength continues we can look for potential range trading opportunities back into the lows.