USDJPY flip flopping around 115.00

Yen in the drivers seat again

As we tread more water into tomorrows FOMC we're seeing 115.00 being continually tested.

Overnight, the 114.70/80 area I highlighted did its job as support, and that should be a consideration again, if we have another look.

USDJPY 30m chart

Today's highs is the main upside target followed by 115.60. With this move around 115.00, expect some resistance at 115.20/25 too.

Support under 114.70 is still the same as yesterday, at 114.60, 114.40/50.

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