The Japanese yen was trading higher against all majors on account of increasing safe haven demand. USD/JPY broken the 4- month low of 107.31 and declined till 106.90. Technically for the intraday the pair should break above 149.85 for minor bullishness till 150.51 (23.6% fib of 156.60 and 148.63)/150.82 (Feb 12th 208 high) is likely.
On the lower side, near term support is around 148.50 (38.2% fibo) and any break below will drag the pair till 148/147.63.
It is good to sell on rallies around 149.35-40 with SL around 150 for the TP of 148.51/147.90
should i let the trade ?