At the moment I think that USD has been rising on the positive US data and positive news concerning the US and China trading agreement. Since there is no real progress, besides speculative news I think that pair can decline, especially if the US and China will not find the same ground in the trading war. From the technical perspective, USDJPY has been hitting monthly highs and specifically 95% bb, hence I think it can rebound lower. This is not a trade that will happen overnight, and I'm willing to hold this trade through next week or until it hit my SL.
At the moment, almost 12 days have passed and I decided to close this position.
I feel that USD/JPY still can go a little lower, but currently, see a lot of ambiguity in respect to trade was and the relationship between China and the USA in the market and therefore do not want to risk current profits.
I feel that USD/JPY still can go a little lower, but currently, see a lot of ambiguity in respect to trade was and the relationship between China and the USA in the market and therefore do not want to risk current profits.