USDJPY is consolidating. Here's two ways to take advantage.

FX:USDJPY   U.S. Dollar / Japanese Yen
185 0 0
Both long and short scenarios presented. But speaking with some fundamental information, I'd prefer to see this pair go higher with Abe             back in power and looking to further increase the monetary base. Only way this can break below is if there is overbearing USD bearishness + the additional risk of lower summer volumes/volatility (i.e. it is normally tougher to break major barriers during late summer trading).
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