USD/JPY Outlook (19 December 2019)

Overall, USD/JPY is moving across. Recently, USD/JPY has been ranging across within 30pips.
The Bank of Japan (BoJ) kept interest rate unchanged at -0.10%.
The BoJ has introduced an ETF lending facility with the intention to improve the liquidity in the ETF markets by temporarily lending its ETFs holdings to market participants.
Currently, USD/JPY is testing the resistance level of 109.500 and the next support level is at 108.300.
Stay out of USD/JPY for now.