Don’t let the USDJPY lull you to sleep. This is what it does before it makes a major move. The bearish level in the sand remains 106.90.
Staying below there keeps the short term trend down potential for the decline to accelerate in a 3rd of a 3rd that will eventually break below 103.52 (and much lower). Confidence in the bearish bias is waning with each passing session though.
