Give me advice what to do. Usd/jpy. Buy sell or neutral in the next 8 hours?

For the USD/JPY currency pair, it is likely to exhibit range-bound behavior in the next 8 hours. Here's a detailed analysis to support this conclusion:

1. Current Market Conditions:
   • The Federal Reserve's decision to maintain the federal funds rate target range at 5.25%-5.50% for the July meeting indicates a cautious approach to interest rate adjustments.
   • The Federal Reserve's communication suggests a bias towards keeping rates on hold until there is greater confidence that inflation is moving sustainably towards 2%.
2. Implications for USD/JPY:
   • The federal funds rate is a key determinant of the USD's interest rates, which in turn influence the USD's value against other currencies.
   • The Fed's stance on rates is likely to have a bearing on the USD's strength, as it signals a more cautious approach to monetary policy normalization.
   • The Japanese央行的政策立场与美联储相似, similarly taking a wait-and-see approach, awaiting more inflation data to guide policy adjustments.
   • Given the similar policy stances, USD/JPY is likely to fluctuate within a range, lacking strong directional momentum.
3. Technical Analysis:
   • From a technical perspective, USD/JPY has shown support at the 105.50 level in recent months.
   • The recent uptick suggests the importance of this area, indicating a potential for consolidation rather than a strong breakout.
   • However, without strong catalysts, the pair is expected to continue oscillating within a range of 105.50-108.00.
4. Recommendation for Trading Strategy:
   • Considering the current market conditions, central bank policies, and technical analysis, a neutral trading strategy is advisable.
   • Instead of committing to a buy or sell, investors can utilize price movements to engage in hedging or arbitrage transactions.
   • Given the expected low volatility and the potential for price oscillations, using smaller leverage or wider stop-losses to manage risk would be prudent.

In conclusion, based on the current market environment and expectations, USD/JPY is unlikely to experience significant movements in the next 8 hours. Therefore, a neutral stance, leveraging price fluctuations for trading, rather than attempting to predict substantial price changes, is the most appropriate strategy.