USD/JPY: Navigating the Sideways Drift with a Range-Bound Approach

Current Market Landscape and Technical Observations

Good morning, KoraFX community. Let's take a detailed look at USD/JPY, a pair I specialize in. Currently, USD/JPY is trading at 149.53, showing a marginal 24-hour change of 0.03 (0.02%). What immediately catches my eye is the exceptionally tight daily range, oscillating between 149.48 and 149.58. This narrow oscillation clearly indicates a sideways trend, which for a position trader like myself, means that we