The USD/JPY pair fell hard during the session on Wednesday, breaking down to the 97 handle. That being the case, it appears of this market is trying to find some type of support in this general vicinity, but we still believe that there is probably too much choppiness to predict in one direction or the other where this market will go. Because of this, we are simply staying out of the market as it appeared to be too dangerous at the moment, and as a result we are simply on the sidelines waiting to see if we get some type of definitive candle.
Written by FX Empire