1) Overnight poor US ISM data
2) Seeing some divergence in MACD on the pair
3) Expect market to catch on the bullish JPY recommendations from US and Japanese banks
sold at 122.99
this trade is not looking so good at the moment. price action seems to point to a general usd biddishness which makes usdjpy tough to go lower at the moment. might consider reducing position on dips today.
Trade closed manually:
Didn't like the price action. closed out trade at 123.11