USD/JPY has been ranging between 100 and 105 for a few months. Are you expecting a breakout to the upside with 110 as your profit target? Don’t count on it. It is not going to happen. This is what Mr. Yen says. Watch the video below in which he says that for now USD/JPY will move between the 100 and 105 band.
So for now don’t count on USD/JPY to climb up to 110.