Extends a very narrow range
The USDJPY has just extended the trading range to new session highs. Don’t get too excited. The range for the day is up to 43 pips now. That was better than the 36 pips at the start of the new trading day. In the move higher the price has moved above the 114.06 area. There have been a number of highs and lows on the 4-hour chart around that level.