USDJPY is pulling back significantly today following a retest of 160.40 resistance, but will the pair move lower in May or is the bottom in? Today’s video outlines what I’m watching from USDJPY, including a simple way to trade a break from the current range. The USDJPY traded to fresh 34-year highs on Monday just as the Bank of Japan (BoJ) intervened, or so we think. I figured they would hold off until at least USDJPY 155.60, which they did. If you saw my video a few weeks ago, 160.40 was a key resistance for the pair dating back to the 1990s. The same goes for the 155.60 handle, which is serving as support this ... (full story)