USD/JPY Risk off trade. The Yen opened stronger against the dollar as we see a risk off move in the market. This move fueled by the OPEC meeting ending in a no decision to freeze production has the market seeking safe haven assets. Gold, silver and the Yen are up while the global indexes are in negative territory.
I will be waiting for price to fill the Gap and will be looking to enter around 108.60 with a stop above fridays highs. First target will be back to the lows and second target will be to the yearly lows.