FX:USDJPY U.S. Dollar/Japanese Yen
USD/JPY has slowly been inching higher towards 8 year highs with recent sentiment pertaining towards both the USD as well as the JPY. With anticipation towards USD interest rates later this year, traders are attempting to "front run" the FED in order to gain competitive pricing per the infamous "carry trade". However, strength of the JPY has also seemed to have caught the attention of the market as well lately. Liquidity gaps are marked via the green boxes, and are imperative for clues regarding game theory on this instrument. Currently looking for a larger target, and will continue to probe entries on the unless sentiment changes. Current long position entry price is indicated by green line, where as stop loss is indicated by red line.