I think that it is likely that USD/JPY will trade in a range because there is a strong resistance at 105.54 with fib 50% level confluence and because USD/JPY's price chart has made similar paths up twice and i think it is likely that it will do it the third time, history tends to approximately repeat itself. My bias of USD/JPY is short for about a week or till it hits the 105.50-105.00 zone.
