Pair has been in range since July 2016 between 116.38 and 112. Overall trend is bearish
on daily and weekly sitting below 200ema. Price has now reached key resistance on daily at 116. Enter short at 116 or above and take profit at 112.83. Tight stop loss at 117. Broader SL at 118. Once there is no major fundamentals to affect the JPY..a good possible trade.