It’s been a quiet day in the forex market with the UK out on summer bank holiday, and with little on the economic calendar during the US session, we could see that quiet trade extend from here. Taking a step back, USD/JPY remains one of the more interesting currency pairs at the moment. After rallying 200 pips in the last 48 hours of last week, the pair is once again probing its highest levels of the year. We’re already above the area where the BOJ intervened to try to strengthen the yen last year, though its worth noting that other crosses like EUR/JPY and GBP/JPY are trading notably lower than last week’s highs ... (full story)