USD/JPY Post-Christmas Trade

USD/JPY has been consolidating around its highest levels since Christmas. The pair registered a high of 118.70 on Dec 15 and has been trading around that level eversince. Low volatility and low liquidity were to be expected after Christmas as market participants are away and no major news are expected to stir the market.

Traders and investors are taking a few days off to be with their families all around the world as business is put on hold. At least for a while before we start anew on Jan 1. Until then, the market is expected to trade flat with a calm US dollar.

USD/JPY can be expected to trade around 117.00-118.05 until volatility is back on stage and market is ready to take it to another level. Current market price is 117.28 in this post-Christmas calm Tuesday.

Chart: USD/JPY H4