USD/JPY is currently trading at the bottom of its trading range. Since early 2017 through to present, the currency pair has been largely (but admittedly not completely) limited to the trading range of 108.000 to 114.000.
A dip below the range occurred briefly in early September 2017, while a protracted deviation occurred between mid-February 2018 through April 2018. We also saw the flash crash as we moved into 2019 (which I successfully predicted, per my previous article on USD/JPY), which saw USD/JPY momentarily collapse. Nevertheless, the trading range of 108 to 114 has been substantially