FX.co ★ USD/JPY

Hello traders, the Japanese yen is once again attempting to strengthen, with sellers of USDJPY seizing the opportunity and initiating a decline. It is too early to say whether the bears will be able to make significant downward progress. The nearest targets for sellers are located at levels 155.65 and 155.45-155.35, and a scenario of a rebound and resumption of growth looks quite realistic from these levels. If sellers manage to firmly establish below 155.35, then the USDJPY price may be dragged down to 155.10, 154.75, 154.30, and possibly even reach 153.90. In case of a resumption of growth from current levels, it is better to wait for a firm close above 155.85 initially. A close above 155.85 will first open the way for bulls to 156.05 and 156.25. Further consolidation above 156.25 could lead to an increase towards 156.65 and 156.90-157.20.