Japanese Yen general USD weakness stopped the USD/JPY from gaining again today with the Key 100 level proving too ambitious. Crosses were very buoyant however with AUD/JPY remaining near year highs. The market is quieter than usual with Japan away on holidays.With R1: 99.40 , R2: 99.50 and S1:98.40, S2:98.30.chart pattern shows rectangle pattern and a very narrow trade. With the trading range between 98.50-99.20 levels. Stochastic and momentum are seen flat and the currency is also trading on a tight band. Break from the rectangle would only give a clearer direction.
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