Let ping pong commence
We’ve tested resistance, and now we’ve found support. 112.20/25 and 112.50 is the playground for the moment.
USDJPY 15m chart
Under 112.20, 112.00/05 offers additional support, while up top, I wouldn’t be surprised to see stops in place should 112.50 break. That might be something to watch for before the Fed as a stop run could artificially push the price up quickly.
USDJPY gets stuck between the devil and the deep blue sea ahead of the Fed
