USD/JPY needs a spark to be able to start a significant move. Continues to move in range on the short term, is located above the 110.50 level and is fighting hard to increase. We don’t have a clear direction because the Nikkei is narrowing near 20058 major horizontal resistance. We don’t have any trading opportunity at this moment, but we may have one if will come down to retest the 50% retracement level and the warning line (wl1).
