Trade Review: USD/JPY

Well, it looks like the downtrend in USD/JPY never resurfaced so there was no trade triggered. Actually, before the pick was released, the pair did touch the price level, so it was a good thing we didn’t get in that earlier move. So, it looks like traders will be on the sidelines with the Yen as we wait for the interest rate statement release on Friday. On to the next trade!