FX.co ★ USD/JPY

Currently, the USD/JPY currency pair continues to move within a sideways channel, indicating a lack of control from both sellers and buyers. After an attempt to stay above the 159.950 level, a pullback has started. I expect the price to range from 159.740 to 159.440 in the near future. At the moment, the closest support level is at 159.700; if the price breaks below this level, it could signal a movement towards 159.300, although a pullback is also possible. It is important to note that the price is currently above this point, and the dominant direction is not yet clear.