USD/JPY rose on Tuesday, showing continued strength as the 81 level has been broken. This jives well as we expect an attempt on making the 82 level. With the markets being uncertain, the pair could find itself stuck in this 200 pip range for a while. On a break above 82 – we would become bullish, on a break below 80 we would know there are central banks below waiting to intervene.
Written by ForexMansion.com