The USD/JPY pair is struggling to find some direction despite dollar's present rally. The pair has surpassed the 106.30 levels and is now eyeing the 106.50 mark. It is expected that the FOMC will be cutting the rate by 25bp during its meeting in the month of September in view of the rising trade tensions as well as further drops in growth globally.Apart from the Hong Kong issue and trade war, Brexit has again become a matter of concern.