USDJPY continues to consolidate following the January 3rd flash crash. We had a great run in December and USDJPY was one of our best trades. The wedge that broke down in mid-December played out perfectly. Moves like the one in early January tend to act as a natural pause button for the market. Things can slow down for weeks or even months. In my opinion, the January 3rd flash crash is the primary reason the market has been relatively slow so far in 2019. There’s no telling how much longer it might last. However, technical patterns like the one below could offer clues. What’s interesting about USDJPY is the less steep ... (full story)