USDJPY is showing signs of price exhaustion, trading constricted into a converging wedge which was broke in UK trading hours. MACD is confirming divergence as prices make higher highs and the MACD is making lower lows. Stops are currently sitting at 117.00 and we could see trading into 115.50 area or below into 114.00. With such a large run up in the last weeks its about time for a pullback
