103,95. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should find a resistance below 104,20. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
104,20 - 104,50
103,85 - 103,60