USD/JPY

Fxlivedaytrading changed status today to short term bearish over the next few days.

Today we traded the USD/JPY. The pair had a high at 124.35 area was reached today.  The high price on the usd/jpy was touched on June 17 at 124.38. The high on March 24 was touched at 124.37. Today we reached a high of 124.35 and then backed off about 24 pips from this high. At the moment we have a 'watch and see opinion on this pair, however we do expect a pull back from the current levels to at least the 123.85 area.