USD/YEN Update – 08/08/2017 (11:55am) – USDJPY remains within the 110-111.00 short term range, with lack of follow through below 110.00 after all the negative geopolitical news and Trump now on holiday, maybe a recovery continues.  But FI and US data will continue to drive the pair.  With US inflation a key print later this week, many do not expect a huge breakout of the current range, as the broad bid USD tone post NFP could not see USDJPY break above 111.00 as the market continues to like to sell USDJPY rallies, with USD risk backdrop and USD weakness a bigger theme.